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Right of first refusal |
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Right of first refusalThe right of a person or company to purchase some thing before the offering is made to others.Right of first refusal Similar MatchesFirst Refusal RightFirst 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. |
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