first refusal

noun

1. the chance of buying a house, merchandise, etc, before the offer is made to other potential buyers

Example Sentences

A coroner decides if a discovery is treasure and a museum usually gets first refusal over whether to store it.

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The school district and city will have the right of first refusal to buy the parcel if the Weisenbergs ever look to sell their land.

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When Mr Orbach decided to sell, he said he "very much" wanted the community to continue and it was given first refusal to purchase the site.

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But Exxon is contesting the deal, arguing that it should have had right of first refusal to buy Hess’s Guyana stake before the company struck an agreement to sell itself to Chevron.

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Denmark’s National Museum had the right of first refusal on part of the collection and purchased seven rare coins from Bruun’s vast hoard before they went to auction.

Read more on Seattle Times