What are "last rights"?

FinbarReilly · Aug 18, 2009

I know it sounds like a newb question, but I've been out of the game long enough that I have no real idea what these pertain to. It sounds like some kind of right of refusal, but I'm not really sure. Could someone clarify what those rights are?

Thanks!
FR

Shakesbear · Aug 18, 2009

Do you mean 'Last Rites'? If so then if is the anointing of a sick person, usually by a priest, with an oil. Prayers may be said and the sick person may confess their sins and receive absolution.

Mr Flibble · Aug 18, 2009

There's something called 'first and last rights' in a contract, something to do with the right to put in a counteroffer

I think, If I remember right.

FinbarReilly · Aug 18, 2009

Shakesbear: Yeahyeah, cute, but I sorta need a straight answer this time round. There's a contest and the legalese is rather thick, even for boilerplate.

IdiotsRUs said:
There's something called 'first and last rights' in a contract, something to do with the right to put in a counteroffer

I think, If I remember right.

I figured it was something like that, but I wanted to get something solid...

FR

Mr Flibble · Aug 18, 2009

I really can't remember that well. I think it's something along the lines that they have first refusal - but if someone else makes an offer they can counteroffer.

And a quick google reveals nothing bar that it seems popular with TV companies when bidding on sporting events lol.

I'm sure someone will know - or maybe even a quick call to a lawyer might clear it up?

RJK · Aug 19, 2009

It may mean the party's right of last refusal. look here

What are "last rights"?

FinbarReilly

Shakesbear

knows a hawk from a handsaw

Mr Flibble

They've been very bad, Mr Flibble

FinbarReilly

Mr Flibble

They've been very bad, Mr Flibble

RJK

Sheriff Bullwinkle the Poet says: