Siseõigusega

Siseõigusega translates from Estonian to English as "with the right of pre-emption" or "with a right of first refusal". This term refers to a legal right that grants a specific party the first opportunity to purchase a property or asset if the owner decides to sell it. This right is typically established by contract or can be stipulated in a will or other legal document.

The holder of the siseõigusega has the ability to match any offer made by a third-party buyer. If the owner accepts an offer from a third party, they must first present that offer to the holder of the pre-emption right. The holder then has a defined period to decide whether to purchase the asset on the same terms and conditions as the third-party offer. If the holder exercises their right, they step into the shoes of the potential third-party buyer. If they choose not to exercise it, the owner is then free to sell to the third party.

This legal mechanism is commonly used in various scenarios, such as within family businesses to keep ownership within the family, or between co-owners of a property who wish to prevent unwanted partners from entering. It can also be found in lease agreements, where a tenant might be granted a siseõigusega to purchase the leased property. The specific terms and conditions, including the duration of the right and the process for its exercise, are crucial and must be clearly defined in the agreement.