Auctioneers and the first right of refusal
9 November 2018First right of refusal or “Right of first refusal” clauses are sometimes used in the auction business — and especially in the benefit auction business.
Most often, as auctioneers conduct periodic events (every month, every year) they might extend a first right of refusal to an entity where if someone else wants to hire this auctioneer for that same date the subsequent month or year, this entity can keep that date if the contract is firmed — or not — allowing the auctioneer to book other business that same day.