Q&A

Question: What does it mean when shareholders are given “first rights of refusal”?

Answer:

Having first rights of refusal means that if you are a shareholder looking to sell your shares, the other existing shareholders have a ‘first right’ to buy them from you. If you are prepared to sell – you must first make an offer to the existing shareholders. You can only make an offer to external third parties if the existing shareholders do not wish to purchase your shares.

Priscilla Ng

Answered by Priscilla Ng

Priscilla is a lawyer. She practises in the areas of business and commercial law, intellectual property and employment law. In her past work experience, she practised in property law, family law, wills and estates, and civil litigation.

Get in Touch

Fill out the form below and a LegalVision team member will be in touch shortly!

  • We will be in touch shortly with a quote. By submitting this form, you agree to receive emails from LegalVision and can unsubscribe at any time. See our full Privacy Policy.
  • This field is for validation purposes and should be left unchanged.

Our Awards

  • Top 20 Startups in Australia - 2018 LinkedIn Startups List Top 20 Startups in Australia - 2018 LinkedIn Startups List
  • NewLaw Firm of the Year Finalist – 2018 Australian Law Awards NewLaw Firm of the Year Finalist – 2018 Australian Law Awards
  • Law Firm of the Year Finalist – 2018 Australasian Law Awards Law Firm of the Year Finalist – 2018 Australasian Law Awards
  • AFR Fast 100 List – 2018 Australian Financial Review AFR Fast 100 List – 2018 Australian Financial Review
  • NewLaw Firm of the Year – 2017 Australian Law Awards NewLaw Firm of the Year – 2017 Australian Law Awards
  • Customer Service Experience of the Year – 2017 Optus My Business Awards Customer Service Experience of the Year – 2017 Optus My Business Awards

Privacy Policy Snapshot

We collect and store information about you. Let us explain why we do this.

What information do you collect?

We collect a range of data about you, including your contact details, legal issues and data on how you use our website.

How do you collect information?

We collect information over the phone, by email and through our website.

What do you do with this information?

We store and use your information to deliver you better legal services. This mostly involves communicating with you, marketing to you and occasionally sharing your information with our partners.

How do I contact you?

You can always see what data you’ve stored with us.

Questions, comments or complaints? Reach out on 1300 544 755 or email us at info@legalvision.com.au

View Privacy Policy