When a right of first refusal is in place,it means that the shareholder wishing to sell must first offer her shares to the directors at the same price she has negotiated with the outsider.

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When a right of first refusal is in place, the shareholder wishing to sell must first offer her shares to the directors at the same price she has negotiated with the outsider. This is to give the directors the opportunity to match the offer and purchase the shares themselves.

When a Right of First Refusal Is in Place,it Means