first refusal right

English - Turkish

Definition of first refusal right in English Turkish dictionary

Related Terms

Right of first refusal

(Finans) İptidai itiraz hakkı, İlk itiraz hakkı

English - English

Definition of first refusal right in English English dictionary

A clause occasionally inserted in a lease that gives a tenant the first opportunity to buy a property if the owner decides to sell The owner must have a legitimate offer which the tenant can match or refuse

Being offered the right to buy something before it is offered to others The opportunity of a party to match the terms of a proposed contract before the contract is executed

A right, usually given by an owner to a lessee, which gives the lesee a first chance to buy the property if the owner decided to sell The owner must have a legitimate offer which the lessee can match or refuse If the lessee refuses, the property can then be sold to the offeror

A 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

Related Terms

right of first refusal

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

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?.

Right of first refusal

(Finans) Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In brief, the right of first refusal is similar in concept to a call option

Hyphenation

first re·fus·al right

Turkish pronunciation

fırst rıfyuzıl rayt

Pronunciation

/ˈfərst rəˈfyo͞ozəl ˈrīt/ /ˈfɜrst rəˈfjuːzəl ˈraɪt/