Glossary · Doing the deal
In short
This is a contractual right giving a party the first chance to buy an asset or business if it's offered for sale, usually on the same terms as another bona fide offer. It can complicate or block your acquisition.
If a third party, like a landlord or a co-owner, holds an absolute right of first refusal, they can step in and buy the business out from under your deal. You must identify any such rights early in due diligence and ensure they are properly waived or exercised before you commit significant resources to an acquisition.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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