优先承购权 yōu xiān chéng gòu quán

DEFINITIONS

  1. prior purchase right
  2. right of first refusal (ROFR)
  3. preemptive right to purchase

CHARACTERS

优 yōu superior, excellent; actor
先 xiān first, former, previous
承 chéng inherit, receive; succeed
购 gòu buy, purchase; hire
权 quán power, right, authority