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From: MDBG CC-CEDICT Chinese-English Dictionary 漢英字典

 優先承購權 [ㄧㄡ ㄒㄧㄢ ㄔㄥˊ ㄍㄡˋ ㄑㄩㄢˊ; you1 xian1 cheng2 gou4 quan2]
 prior purchase right
 right of first refusal (ROFR)
 preemptive right to purchase