The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PREEMPTION RIGHT Definition & Legal Meaning

Definition & Citations:

A right/ advantage given out to the present stock holders, allowing them to gain the first option in case a house or property is being sold. It can also mean a right set in contracts, allowing a party go gain the first opportunity for purchasing a property or article, before it is put up for sale.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.