etuostooikeutta
Etuostooikeutta, often translated as pre-emption right or right of first refusal, is a legal concept that grants a specific party the priority to purchase an asset before it can be offered to others. This right is typically established through a contract or a specific legal provision. When the owner of an asset decides to sell it, they are legally obligated to first offer it to the holder of the etuostooikeutta on the same terms and conditions as they would offer it to a third party.
The holder of the right then has a defined period to decide whether to exercise their pre-emption
Etuostooikeutta is commonly found in real estate transactions, particularly in contexts like co-ownership or lease agreements,