Letter R
business
ROFO (Right of First Offer)
A contractual right requiring a seller to offer property to the holder first on specified terms before marketing it to third parties, but without matching third-party offers.
Related terms
More legal terms starting with R
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.