have the right to first refusal

have the right to first refusal
have (the right of/to) first refusal give (someone) (the right of/to) first refusal - to offer to sell someone something before you offer it to anyone else.

Manfield has the right of first refusal on any surplus stock.


New idioms dictionary. 2014.

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  • Right Of First Refusal — In general, the right of a person or company to purchase something before the offering is made available to others. For example, a football team may have the right of first refusal on a player s contract. This would mean they can make the first… …   Investment dictionary

  • 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… …   Wikipedia

  • right of first refusal — noun 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… …   Wiktionary

  • right of first refusal — right of first re·fus·al / ri fyü zəl/: the right to have the first opportunity to purchase property upon the owner s decision to sell at the same terms offered by a third party or at predetermined terms – called also preemptive right; Merriam… …   Law dictionary

  • Right Of First Offer — 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… …   Investment dictionary

  • refusal — [[t]rɪfju͟ːz(ə)l[/t]] refusals 1) N VAR Someone s refusal to do something is the fact of them showing or saying that they will not do it, allow it, or accept it. Her country suffered through her refusal to accept change... His letter in response… …   English dictionary

  • The Philadelphia Inquirer — Infobox Newspaper name = caption = The paper s January 9, 2008 front page type = Daily newspaper format = Broadsheet foundation = June 1, 1829 (as The Pennsylvania Inquirer ) price = USD 0.75 Monday Saturday USD 1.50 Sunday owners = Philadelphia… …   Wikipedia

  • refusal — re|fus|al [ rı fjuzl ] noun count or uncount ** the act of refusing to do something: She gave a firm refusal. refusal to do something: The protesters considered several options, including a refusal to pay taxes. a. the act of refusing to accept… …   Usage of the words and phrases in modern English

  • Right to silence — The right to remain silent is a legal right of any person. This right is recognized, explicitly or by convention, in many of the world s legal systems. The right covers a number of issues centered around the right of the accused or the defendant… …   Wikipedia

  • The Blue Eagle At Work — The Blue Eagle At Work: Reclaiming Democratic Rights in the American Workplace is a legal treatise written by Charles J. Morris which analyzes collective bargaining under the National Labor Relations Act (NLRA), the federal statute governing most …   Wikipedia

  • The Market for Liberty —   Cover of the hardback edition …   Wikipedia

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