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Meaning of right of first refusal | Babel Free

Noun CEFR C2

Definitions

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.

Equivalents

Deutsch Vorkaufsrecht
Español derecho de tanteo
Suomi etuosto-oikeus
Français droit de préemption
Magyar opció
Italiano diritto di prelazione
Nederlands recht van voorverkoop voorkeursrecht
Português direito de preempção
Svenska förköpsrätt

Examples

“"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?"”

CEFR level

C2
Mastery
This word is part of the CEFR C2 vocabulary — mastery level.
See all C2 English words →

See also

right of publicity right of reentry right of repair right of repentance right of sepulchre right of way

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