Right of first refusal

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.

单词	First refusal
释义	First refusal 原声例句万物简史 He become such an expert on the anatomy of animals that he was granted first refusal on any animal that died at the London Zoological Gardens, and these he would invariably have delivered to his house for examination. 他成为解剖动物方面的一名专家，对伦敦动物园里死去的任何动物拥有优先取舍权，而那类东西又无一例外地送到他的家里供他来检查。英语百科 Right of first refusal 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.
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First refusal

Right of first refusal