/raɪt ʌv priˈɛmpʃən/ – Phrase
Definition: quyền được ưu tiên mua trước.
A more thorough explanation: The legal English definition of the term “right of pre-emption” refers to a legal right that grants a person or entity the first opportunity to purchase a specific property or asset before it is offered to others. This right allows the holder to match the terms of a proposed sale and acquire the property or asset on the same terms as those offered to a third party.
Example: The shareholders have the right of pre-emption, allowing them to purchase additional shares before they are offered to external parties.