However, if Britain wants to get rid of Gibraltar, the treaty gives Spain the right of first refusal.
Like many other tech companies, Facebook holds the right of first refusal over any potential transaction on the secondary market.
In return, they give Fusenet the right of first refusal to invest in any commercial venture that results from the innovation.
But if the therapy looks promising in a couple of years, Pfizer has the right of first refusal to buy it outright.
Fox had the right of first refusal on the next deal and came to an understanding with the Dodgers that was presented to baseball a couple of weeks ago.
Another concern is that BP will get significant intellectual property rights to the work being done at Berkeley, including the right of first refusal to a flood of IP that could result.
In 2008, Bravo parent company NBC Universal sued the Weinstein brothers for breach of contract, claiming it had been denied the right of first refusal to keep the Emmy- and Peabody-winning show on one of its networks.
The NRTC, Pegasus and DirecTV filed claims and counterclaims against one another, disputing the length of Pegasus' original contract with DirecTV and whether Pegasus had the right of first refusal to acquire comparable rights when it ended.
According to the LHN contract, ESPN would have the right of first refusal to all television rights held by the conference if Texas became an independent, which is currently rights to all but one home football game.
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In that case, White and the four other named plaintiffs alleged that a number of labor practices in the NFL violated antitrust law: the right of first refusal, the college draft system and the standard NFL contract, to name a few.
The Corporation and Mr. Scott also have an agreement that requires Mr. Scott and his related family interests, before selling their MidAmerican shares, to give the Corporation the right of first refusal to purchase their shares or the opportunity to assign its right to purchase to a third party.
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According to sources, the deals Fox has with baseball teams are fairly standardized, with 5% annual increases during the length of the deal and an opt-out provision for the team half way through the contract, with Fox having the right of first refusal on any competing offers for the broadcast rights.
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Based on previous statements by the family members and published reports, the new holding company will have more than 50 percent of the capital and have first right of refusal on the remaining shares held directly by the family.
The problem is that Air New Zealand has the first right of refusal on Murdoch's half of Ansett.
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