right of first refusal

right of first refusal

English

Noun

right of first refusal (plural rights of first refusal)

1. (law) A provision in a contract that permits a party to that contract or another named party to have an opportunity to purchase, use, or otherwise obtain a specified object before it is offered to any other party.
   • 1985, Richard Lourie, First Loyalty, →ISBN, p. 258:

     "Well," said the publisher, "does our last contract with whoever it is that represents Shar give us the right of first refusal on his next book?"

Translations

contractual provision

Dutch: voorkeursrecht (nl) n, recht van voorverkoop n French: droit de préemption m German: Vorkaufsrecht n Hungarian: opció (hu)

Italian: diritto di prelazione (it) m Portuguese: direito de preempção m Spanish: derecho de tanteo m