right of first offer

listen to the pronunciation of right of first offer
English - Turkish
(Finans) İlk teklifi verme hakkı
English - English
(Finans) A contractual obligation by the owner of an asset to a rights holder to negotiate the sale of an asset with the rights holder before offering the asset for sale to third parties. If the rights holder is not interested in purchasing the asset or cannot reach an agreement with the seller, the seller has no further obligation to the rights holder and may sell the asset freely
right of first offer

    Hyphenation

    right of first of·fer

    Turkish pronunciation

    rayt ıv fırst ôfır

    Pronunciation

    /ˈrīt əv ˈfərst ˈôfər/ /ˈraɪt əv ˈfɜrst ˈɔːfɜr/
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