(the right of) first refusal
idiom
: the right to have the first choice to buy something on the same terms as offered to someone else
Examples of (the right of) first refusal in a Sentence
Recent Examples on the Web
Billionaire Ryan Smith, the owner of the NBA’s Utah Jazz and NHL’s Utah Hockey Club, declined the right of first refusal to buy the state’s two main pro soccer teams late last year, according to someone familiar with the details.
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Eben Novy-Williams, Sportico.com, 18 Apr. 2025
Ryan and the late Andrew McKenna bought into the team in 1990 after the Halas family exercised right of first refusal to cancel a $17 million offer for 20 percent of the team from Chicago developers Judd Malkin and Neil Bluhm.
—Phil Rogers, Forbes.com, 3 Apr. 2025
But even if the Heat tenders such a qualifying offer to retain the right of first refusal in restricted free agency, the Heat’s long-term payroll perspective could lead to declining to match an outside multi-year offer sheet.
—Ira Winderman, Sun Sentinel, 10 Mar. 2025
But Real still have a right of first refusal on the youngster and buy-back clauses of around €9m in 2025 and around €12m in 2026.
—Mario Cortegana, The Athletic, 26 Feb. 2025
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Eben Novy-Williams, Sportico.com, 18 Apr. 2025
Ryan and the late Andrew McKenna bought into the team in 1990 after the Halas family exercised right of first refusal to cancel a $17 million offer for 20 percent of the team from Chicago developers Judd Malkin and Neil Bluhm.
—Phil Rogers, Forbes.com, 3 Apr. 2025
But even if the Heat tenders such a qualifying offer to retain the right of first refusal in restricted free agency, the Heat’s long-term payroll perspective could lead to declining to match an outside multi-year offer sheet.
—Ira Winderman, Sun Sentinel, 10 Mar. 2025
But Real still have a right of first refusal on the youngster and buy-back clauses of around €9m in 2025 and around €12m in 2026.
—Mario Cortegana, The Athletic, 26 Feb. 2025
See All Example Sentences for (the right of) first refusal
Cite this Entry
“(the right of) first refusal.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/%28the%20right%20of%29%20first%20refusal. Accessed 28 Apr. 2025.
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