What is Right of first refusal (ROFR)?
The right to match a proposed share transfer or company sale before it closes; a known ROFR can chill other bidders in an auction.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.