| gen. |
preferential right to acquire (ABelonogov); pre-emptive right to buy (The Agricultural Holdings (Scotland) Act 2003 introduced the rights of tenant farmers to register their right to buy the land they tenant in the ...The pre-emptive right to buy offers additional opportunities for farmers who have tended secure holdings for many ... Alexander Demidov); pre-emptive right to (BP aware of partners' pre-emptive right to Vietnam assets Alexander Demidov); right of first refusal on (But the tenant does not have the right of first refusal on the flat either. Alexander Demidov); pre-emption right on (A pre-emption right, or right of pre-emption, is a contractual right to acquire certain property newly coming into existence before it can be offered to any other person or entity. Also called a "first option to buy." It comes from the Latin verb emo, emere, emi, emptum, to buy or purchase, plus the inseparable preposition pre, before. A right to acquire existing property in preference to any other person is usually referred to as a right of first refusal. WK. to establish a pre-emption right on parcels / properties relevant for land consolidation projects. Alexander Demidov) |
