Definitions

first refusal

NOUN

first chance to buy something

Synonyms

WEAK

first option option preemption prior right of purchase refusal right of preemption

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The suit alleged that his company made fraudulent purchase offers for spectrum licenses held by U.S. schools that were inflated to trigger “right of first refusal” agreements T-Mobile had with the schools.

From The Wall Street Journal

Texas Pacific will receive an equity interest in Bolt, warrants, and a right of first refusal to supply water to Bolt-affiliated projects.

From Barron's

“They offered no advance. The clause that I really should have taken out was the right of first refusal, which boxed me in,” she explained.

From Slate

Microsoft no longer has “right of first refusal” to be its computing-power provider, meaning that OpenAI does not have to ask Microsoft first before going to other vendors such as Oracle Corp.

From MarketWatch

OpenAI has also committed to purchasing $250 billion in Azure cloud services from the tech giant, though Microsoft no longer holds first refusal rights as OpenAI's compute provider.

From Barron's