right of first refusal financial definition of right of first refusal. right of first refusal finance term by the Free Online Dictionary.

Right of first refusal

The right of a person or company to purchase some thing before the offering is made to others.

Right of First Refusal

The right of a person or organization to take advantage of a transaction before it is open to other parties. For example, a seller and potential buyer of a house may agree that the buyer has right of first refusal. Then, if the seller receives a better offer from another potential buyer, she must take the offer to the first buyer and, if that buyer accepts, sell to him rather than the second buyer. One party may pay for the right of first refusal, and it may be built into a contract. See also: Earnest money.

first refusal, right of

The right to buy or rent real property if and when the owner decides to sell or lease.The owner is under no obligation to ever sell or lease,though.Contrast this with an option, in which the the person who wants to buy or lease (optionee) has a legal right to require the owner (optionor) to sell or lease,but the optionee does not have any obligation to buy or lease.With a right of first refusal,control is in the owner.With an option,control is in the other person.

Care should be taken when drafting a right of first refusal.The parties should specify an expiration date, a price or method of calculating the price, and what happens if the purchaser-lessee declines to buy or lease at a particular point: Does the right of first refusal end, or does it continue to the next time?

The parties should give particular thought and attention to describing the triggering event.What gives rise to the ability to exercise the right of first refusal? Is it the owner merely soliciting offers, or must there be a bona fide offer from a third party before the party will be notified and given the first opportunity to buy or lease? What if the owner dies? Does the party have a right to buy the property before it passes to the heirs?

right of first refusal

The right to match a third-party's offer and purchase property if it is offered for sale. The owner has no obligation to sell to anyone, however. The term “right of first refusal” is often used interchangeably with option,but an owner who grants an option is obligated to sell if the recipient of the option chooses to exercise it. Contrast right of first offer.

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alienation lease option Recht van eerste weigering right of first offer; right of first opportunity	21 pool margin; $40K per month c-store at 35% margin; $10,400 per month carwash; $17,400 per month Lotto; located on major North-South artery; 8 pumps and new nozzles; new carwash lease; very valuable real property with hopes of one day right of first refusal to dealer. Business For Sale; 55 -- Automotive Dealers & Service Stations; GAS ... by Businesses for Sale: FirstList t an experienced legal expert Many different types of contracts only differ by a small amount, such as the difference between a real estate option contract and a right of first refusal contract It is no secret that the world of real estate legal wrangling can be pretty confusing, especially if you aren? What Is A Real Estate Right of Refusal Agreement? by Mark Warner / Law community At issue is whether a 1983 agreement gives the foundation, which represents community interests and has spent up to $1 million pursuing the case, the right of first refusal to repurchase the hospital and its assets if HCA should be sold or acquired through merger. Hospital case set for high court by New Hampshire Business Review	Riesgo a la baja Riesgo cambiario Riesgo crediticio Riesgo de base Riesgo de iliquidez Riesgo de insolvencia Riesgo de liquidacion Riesgo de liquidez Riesgo de precio Riesgo diversificable Riesgo eventual Riesgo externo Riesgo pais Riesgo sistematico Riesgo soberano Riesgo sobre la tasa de interes Rifle Approach Rigged Market Right Right Here Right of Accumulation right of contribution right of entry Right of Establishment right of first offer; right of first opportunity right of first refusal Right of Foreclosure right of prospect right of redemption Right of Rescission Right of Return right of survivorship Right to Financial Privacy Act right to jury trial Right to Privacy right to views Right-Angle Fold right-of-way Right-to-Work Rights Agreement Rights of Accumulation Rights of Set-Off Rights of Survivorship Rights Off Rights Offering Rights On Rights-On Rightsizing Riksbanken Rilasciare Rin	Right of Burial right of choice right of common right of common right of common right of common right of contribution Right of discussion Right of division Right of drain Right of drip right of election right of election Right of eminent domain Right of eminent domain Right of eminent domain Right of eminent domain right of entry right of entry right of entry right of entry Right of establishment Right of establishment Right of establishment Right of establishment Right of First Negotiation Right of first offer Right of first offer right of first offer; right of first opportunity right of first publication right of first refusal Right of Foreclosure Right of Frame Right of free association Right of free association Right of free expression Right of free expression Right of free expression right of future enjoyment right of future possession Right of habitation Right of initiative Right of initiative Right of initiative Right of Landing Fee Right of Last Refusal right of literary property Right of nations to self-determination Right of nations to self-determination Right of nations to self-determination Right of nullification Right of Occupancy right of offset Right of Operational Management Right of ownership Right of ownership Right of ownership Right of ownership Right of passage Right of passage Right of passage

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alienation
lease option
Recht van eerste weigering
right of first offer; right of first opportunity

21 pool margin; $40K per month c-store at 35% margin; $10,400 per month carwash; $17,400 per month Lotto; located on major North-South artery; 8 pumps and new nozzles; new carwash lease; very valuable real property with hopes of one day right of first refusal to dealer.

Business For Sale; 55 -- Automotive Dealers & Service Stations; GAS ... by Businesses for Sale: FirstList

t an experienced legal expert Many different types of contracts only differ by a small amount, such as the difference between a real estate option contract and a right of first refusal contract It is no secret that the world of real estate legal wrangling can be pretty confusing, especially if you aren?

What Is A Real Estate Right of Refusal Agreement? by Mark Warner / Law community

At issue is whether a 1983 agreement gives the foundation, which represents community interests and has spent up to $1 million pursuing the case, the right of first refusal to repurchase the hospital and its assets if HCA should be sold or acquired through merger.

Hospital case set for high court by New Hampshire Business Review

Riesgo de insolvencia

Riesgo de liquidacion

Riesgo de liquidez

Riesgo de precio

Riesgo diversificable

Riesgo eventual