A right of first refusal gives the seller the right to modify a buyer's offer if a third party offers to purchase the property on the same terms.

Name: A right of first refusal gives the seller the right to modify a buyer's offer if a third party offers to purchase the property on the same terms.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

A right of first refusal gives the holder the opportunity to match the terms of a third-party offer before the seller can accept it, not the right to modify the buyer's offer.

A Right of First Refusal Gives the Seller the Right