noun
EXAMPLES FROM CORPUS
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A right of first refusal was granted to former land and home owners when their expropriated property came on the market.
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An open invitation to Group employees - who have first refusal on the tickets - has been sent out.
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He and the mayor asked Marriott to grant the city the right of first refusal .
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They agreed that from now on Noreen would have first refusal on anything Henry found.