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Lehman stepped in, exercising a "right of first offer" with its $1.3 billion offer.
And if you must grant an option, it is best to only give a right of first offer.
Mr. Bonderman, who still holds 843,000 Class A shares, also received $10 million for giving up his right of first offer on Northwest's stake.
It also has the right of first offer for the remainder of the second floor and parts of the fourth floor, should the current tenants not renew their leases when they expire over the next few years.
But the Whitney also has an option to expand its downtown site, too, since it has the right of first offer on a city-owned property just north of it.
In current business negotiations, rights of first refusal, also known as matching rights or rights of first offer, are being rapidly incorporated into business negotiations at all levels and in many industries.
Similar(45)
When the powerful take time to consider their counterpart's points of view, they harness the positive benefits of power (including the making of first offers and persistence) without succumbing to excessive risk-taking.
The primary study end point was attendance for screening within 120 days of first offered appointment.
This states that you can withdraw your offer prior to Notice of Termination of the First Offer.
The contract, negotiated with parental approval, authorised an advance of 50,000 francs: a doubling of the first offer, amended by hand.
You may not be able to add 1 nickel to the salary offer of a "first offer, best offer" company, but there could still be some kind of change that is made in the offer based upon your needs.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com