A right of first refusal is the right, conferred by a written contract, to:

Group of answer choices

purchase real property and lease it back to the selling company for its use.

abide by the general terms and conditions of a proposed purchase until a formal acquisition agreement can be signed.

purchase property on the same terms offered by or to a third party.

give the holder only the right to negotiate the purchase of the property before the seller enters negotiations with another party.