English

Noun

right of first refusal ‎(plural rights of first refusal)

1. (law) 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.
   • 1985, Richard Lourie, First Loyalty, ISBN 9780151312870, p. 258:

     "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?"

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