(the right of) first refusal
idiom
: the right to have the first choice to buy something on the same terms as offered to someone else
Examples of (the right of) first refusal in a Sentence
Recent Examples on the Web
Exxon has filed claims with an arbitration panel arguing a right of first refusal over Hess’ lucrative oil assets in Guyana.
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Spencer Kimball, CNBC, 30 Sep. 2024
Startup equity contracts often provide the company with right of first refusal when an employee seeks to sell their equity.
—George Moriarty, Axios, 10 Sep. 2024
Exxon is claiming a right of first refusal over Hess' lucrative oil assets in Guyana.
—Brian Evans,lisa Kailai Han, CNBC, 10 July 2024
This spring, President Sauli Niinistö (no relation to Jussi Niinistö) proposed passing a bill that would give the government the right to approve sales in sensitive areas on a case-by-case basis, and former Defense Minister Carl Haglund advocated for a government right of first refusal.
—Elisabeth Braw, Foreign Affairs, 18 June 2015
See all Example Sentences for (the right of) first refusal 
Spencer Kimball, CNBC, 30 Sep. 2024
Startup equity contracts often provide the company with right of first refusal when an employee seeks to sell their equity.
—George Moriarty, Axios, 10 Sep. 2024
Exxon is claiming a right of first refusal over Hess' lucrative oil assets in Guyana.
—Brian Evans,lisa Kailai Han, CNBC, 10 July 2024
This spring, President Sauli Niinistö (no relation to Jussi Niinistö) proposed passing a bill that would give the government the right to approve sales in sensitive areas on a case-by-case basis, and former Defense Minister Carl Haglund advocated for a government right of first refusal.
—Elisabeth Braw, Foreign Affairs, 18 June 2015
See all Example Sentences for (the right of) first refusal
These examples are programmatically compiled from various online sources to illustrate current usage of the word '(the right of) first refusal.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“(the right of) first refusal.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/%28the%20right%20of%29%20first%20refusal. Accessed 31 Oct. 2024.
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