Right of first refusal refers to the investor's right to change the management team if certain conditions are not met.

Name: Right of first refusal refers to the investor's right to change the management team if certain conditions are not met.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Right of first refusal is a contractual right that gives its holder the option to enter a business transaction with a person or company before anyone else can. It's not specifically about changing the management team.

Right of First Refusal Refers to the Investor's Right to Change