What Is a Right of First Refusal?

Answer

Jeanine Prather (small business consultant, Prather Associates)
Right of first refusal is a privilege to see something with the option to buy before the rest of the buying public has the opportunity, which could also be called first dibs.
Q&A Related to "What Is a Right of First Refusal"
When the developer decides to sell the unit, he must make purchase materials available to the tenant within 90 days. The purchase materials consist of a written offer to sell the
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When you decide to sell something, if you must ask a certain potential buyer if he wishes to purchase it, then he has the right of first refusal.
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right of someone to be offered a right before it is offered to others. For example, a baseball team may have the right of first refusal on a ballplayer’s contract, meaning that
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Explore this Topic
When the developer decides to sell the unit, he must make purchase materials available to the tenant within 90 days. The purchase materials consist of a written ...
When the developer decides to sell the unit, he must make purchase materials available to the tenant within 90 days. The purchase materials consist of a written ...
When the developer decides to sell the unit, he must make purchase materials available to the tenant within 90 days. The purchase materials consist of a written ...
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