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RIGHT OF FIRST REFUSALThe right that other parties to a lease, well, unit and/or concession have to acquire the interest that a selling party owns prior to selling to any third party.
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RIGHT OF FIRST REFUSALContractual right granting a sponsor the right to match any offer the property receives during a specific period of time in the sponsor?s product category. Source: IEG
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RIGHT OF FIRST REFUSALThe right to the first opportunity to purchase a property.
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RIGHT OF FIRST REFUSALA provision in an agreement that gives a party the first opportunity to purchase or lease the property before it is offered for sale or lease to others.
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RIGHT OF FIRST REFUSALA condition contained in many condominium master deeds that permits the board to review any party seeking to purchase or rent an apartment and to refuse the applicant if it so desires. If the board refuses the applicant, it must thereafter purchase or rent the apartment under the same terms and conditions stipulated in the contract.
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RIGHT OF FIRST REFUSALAn agreement giving a person the first opportunity to buy or lease a property before the owner offers it for sale to others.
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RIGHT OF FIRST REFUSALA person’s right to have the first opportunity to either lease or purchase real property.
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RIGHT OF FIRST REFUSALA provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
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RIGHT OF FIRST REFUSALDefinition The right of a party to match the terms of a proposed contract with another party.
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RIGHT OF FIRST REFUSALPurchasing a property under conditions and terms made by another buyer and accepted by the seller.
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RIGHT OF FIRST REFUSALThe agreement by an owner to give another party an opportunity to buy the property before offering it to anyone else.
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RIGHT OF FIRST REFUSALIn property law, a right of first refusal typically allows a buyer to purchase property by matching another offer. It is the right of a party to match the terms of a proposed contract with another par [..]
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RIGHT OF FIRST REFUSALRight to purchase or lease based on specific terms negotiated by two or more parties. See “First Refusal Right”
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RIGHT OF FIRST REFUSALAn agreement giving a person the first opportunity to buy or lease a property before the owner offers it for sale to others.
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RIGHT OF FIRST REFUSALRight of First Refusal (ROFR) means that incumbent transmission owners have the right to construct, own and propose cost recovery for any new transmission project that is located within their service [..]
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RIGHT OF FIRST REFUSALA contractual right within a business agreement, that allows one party the privilege of first exercising or rejecting an option granted by the other party. For instance, a landlord may grant his tenan [..]
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RIGHT OF FIRST REFUSALProcess which allows any long-term firm gas transportation customer, including formerly bundled city-gate sales customers, to continue receiving firm gas transportation service by paying up to the maximum rate and matching the length of a term offered by another customer who is seeking service.
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RIGHT OF FIRST REFUSALThe landowner agrees to grant the land trust the right to meet any bona fide offer to purchase the property.
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RIGHT OF FIRST REFUSALThe right of a party to acquire property before it is offered to others.
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RIGHT OF FIRST REFUSALA provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
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RIGHT OF FIRST REFUSALA provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
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RIGHT OF FIRST REFUSALThe right of a person or company to purchase some thing before the offering is made to others.
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