Right Of First Refusal
Categories: Company Management
The Shmoop writers had lots of these when it came to dating in high school. Saturday night is hair wash night, right?
Anyway, when there's a deal on the table, someone who has this right, gets "last licks." But if there's a hotly contested deal, and you want to at least have a shot at buying the property before your competition does, then you'll try to get this right somehow, contractually, along the way in your dealings.
