ROFR

Definitions

1. Short for right of first refusal, the contractual right to match another buyer's offer before a sale proceeds. It is a common term in shareholder agreements and secondary transactions.

   In plain English: A shorthand for the right to match an offer before someone else can buy.

   Example: "The employee found a buyer, but the ROFR process still had to run."

Related Terms

• Term Sheet
• Due Diligence
• Drag Along
• Dual-Class Shares
• Escrow
• Heads of Terms
• LOI
• Right of First Refusal
• Secondary Market