2.20.2007

Right of first refusal

Is "right of first refusal" the same as an exclusive?


First right of refusal generally means someone has the option to buy something from you on the exact terms of an offer you received from someone else.

It's not an exclusive, but it does tie you up in knots like one.

2 comments:

Minnie Bittertiddof said...

I got a condo in South Beach this way.

Anonymous said...

I thought right of first refusal meant that your publisher got the first look at your NEXT book and could either contract for it or turn it down before you submit it elsewhere...