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First Refusal Right |
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First Refusal RightA right, usually given by an owner to a lessee, which gives the lessee a first chance to buy the property if the owner decides to sell. The owner must have a legitimate offer which the lessee can match or refuse. It the lessee refuses, the property can then be sold to the offeror.First Refusal Right Similar MatchesRight of first refusalRight of first refusalThe right of a person or company to purchase some thing before the offering is made to others. |
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