Letter R
business
ROFR (Right of First Refusal)
A contractual right allowing the holder to purchase shares (or other property) on the same terms offered by a bona fide third-party buyer before the seller may transfer.
Related terms
More legal terms starting with R
Looking for citation help? How to cite law · Citation methodology
See also: Full glossary index
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.