Definition of (the right of) first refusal
: the right to have the first choice to buy something on the same terms as offered to someone else
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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 2 Aug. 2021.
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