A ________ is an agreement that requires a selling shareholder to offer his or her shares for sale to the other parties to the agreement before selling them to anyone else.

Question

Quizplus · Accepted Answer

A right of first refusal is an agreement that gives its holder the first opportunity to buy a specific asset before the owner can sell it to anyone else. In the context of shareholders, it means a shareholder must first offer their shares to the other parties in the agreement before selling them to an external party.

A ________ Is an Agreement That Requires a Selling Shareholder