Right of First Refusal

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Right of First Refusal

Right of First Refusal

The right held by a contracting party to receive the first offer, and only if it refuses is the offer presented to others.

(Modern Hebrew)

Translation

Expression (Hebrew)

זְכוּת סֵירוּב רִאשׁוֹנָה

Definition (Hebrew)

הַזְּכוּת שֶׁיֵּשׁ לַצַּד לְחוֹזֶה לְקַבֵּל רִאשׁוֹן הַצָּעָה וְרַק אִם יְסָרֵב לָהּ הִיא תֻּצַּע לַאֲחֵרִים.

(הָעִבְרִית הַחֲדָשָׁה)

Keyword

right offer refusal first contracting party

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