Right of First Refusal (ROFR)

Right of First Refusal (ROFR) means the civil contract provisions set forth under section 313 of the Magnuson-Stevens Act between the holders of PQS and IPQ and ECC entities, other than Adak, for the opportunity of ECCs to exercise the right to purchase or lease PQS or IPQ proposed to be transferred by a holder of PQS or IPQ in an ECC.

Source

50 CFR § 680.2


Scoping language

In addition to the definitions in the Magnuson-Stevens Act, in 50 CFR part 600, and 679.2 of this chapter, the terms used in this part have the following meanings:

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