Hafnaðarrétt
Hafnaðarrétt, a term from Icelandic law, translates roughly to "right of refusal" or "right of rejection." It refers to a legal principle that grants an individual or entity the ability to refuse a particular offer, contract, or obligation under certain circumstances. This right is not absolute and is often governed by specific legal provisions and contractual agreements.
In practice, hafnaðarrétt can manifest in various contexts. For example, in contract law, a party might have