Back to Venturepedia

Right of First Refusal (ROFR)

A common transfer restriction that gives companies/issuers the right to purchase the stock at the same price before allowing a shareholder to transfer it to a third party. Prominent investors in companies are also often granted a ROFR before transfers or sales.

A common transfer restriction that gives companies/issuers the right to purchase the stock at the same price before allowing a shareholder to transfer it to a third party. Prominent investors in companies are also often granted a ROFR before transfers or sales.