Meaning of right of first refusal | Babel Free
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
Italiano
diritto di prelazione
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.
This word is part of the CEFR C2 vocabulary — mastery level.