first refusal


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Related to first refusal: Right of first offer

first refusal

The first chance to obtain something. I gave them first refusal on my script, but they weren't interested, so I took it to another studio.
See also: first, refusal

(give somebody, have, etc.) (the) first reˈfusal

the opportunity to buy something before it is offered for sale to others: She promised to give me first refusal if she ever decides to sell the flat.
See also: first, refusal
References in periodicals archive ?
5GHz band and a right of first refusal to 10MHz of 900-MHz spectrum.
In addition, Celgene has a six-month right of first refusal with respect to Mesoblast's proprietary mesenchymal lineage adult stem cell product candidates for the prevention and treatment of acute graft versus host disease (GVHD), certain oncologic diseases, inflammatory bowel diseases, and organ transplant rejection.
According to state law, selectmen have 120 days from the date of notification of the sale to vote to waive the right of first refusal, assign the right of first refusal to a "nonprofit conservation organization or the state or any of its political subdivision,'' or exercise the right of first refusal to purchase the property.
The decision by our board to waive our right of first refusal was predicated on the quality of the partner," Morien CEO John Budreski said, referring to Foresight.
We need to look at the terms first between Alphaland and Ashmore before we can decide whether to exercise or waive our right of first refusal, or invoke the tag along," the statement added.
According to the spokesperson, the German stockholder has not dropped its right of first refusal, but has not yet made use of it either.
A spokesman for the Blackwood venue said: "All the ticket holders from the first gig are being invited back and will be given first refusal on the tickets for the second gig.
BGI has exercised right of first refusal with respect to a sale of a 45% interest in Block 5(c) by the company to Centrica plc (LSE: CNA) (Centrica).
The sale of the property is subject to a right of first refusal in favor of IPC.
Sony produces "Medicine," and Lifetime held right of first refusal for the five-a-week reruns.
It has a similar right of first refusal regarding distribution rights for Stolitchnaia vodka outside the United States when contracts expire.
In 1985 the Con- servative government allowed the Forestry Commission to sell land but said community groups might be able to have first refusal.
The sale is also subject to the waiver by Siemens AG of Germany of a right of first refusal contained in a 1989 contract under which Westinghouse supplies circuit breakers to Siemens for the European market.
A cross-purchase agreement gave each the right of first refusal over the other's shares at their "current value.