The "right of first refusal" refers to which of the following?

Question

Quizplus · Accepted Answer

The "right of first refusal" is a contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party. In the context of business partnerships, it means partners have the first opportunity to buy the shares of a selling partner before the shares are offered to an outside party.

The "Right of First Refusal" Refers to Which of the Following