first refusal
Initial rejection opportunity
First refusal is the right to accept or reject an offer before it goes to others.
Someone with first refusal on a property can match any outside bid before the owner sells to someone else: The lease gives tenants first refusal if the building goes up for sale.
Also called right of first refusal.
- optionAvailable course of action
- leaseholdRented property interest
- bargainingNegotiating mutually acceptable terms
- preemptionActing to prevent another's action
- offerProposal to provide
exclusivity · tenancy · clause · acceptance · entitlement · deed · privilege · escrow · easement · contingency · good faith · deal · priority · concession · stipulation · bidding · transaction · title search
- publishingpublishers, editors, editor, publishing house, books
- custodychild custody, joint custody, custody agreement, custody schedule, custody evaluation
- Exclusive Rightsdistribution rights, territorial rights, sole supplier, broadcast rights, media rights
- media rightsfilm rights, TV rights, movie rights, broadcast rights, streaming rights
- Talent Industrytalent agents, talent scouts, talent management, casting directors, agencies
- copyrightcopyright, copyright law, copyright act, copyright office, copyright notice
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