right of first refusal

English - Turkish

Definition of right of first refusal in English Turkish dictionary

(Finans) İptidai itiraz hakkı, İlk itiraz hakkı

English - English

Definition of right of first refusal in English English dictionary

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?.

(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

(Finans) ROFR

(Finans) RFR

Hyphenation

right of first re·fus·al

Turkish pronunciation

rayt ıv fırst rıfyuzıl

Pronunciation

/ˈrīt əv ˈfərst rəˈfyo͞ozəl/ /ˈraɪt əv ˈfɜrst rəˈfjuːzəl/