Right of first refusal means they have the first r
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Posted On: 03/30/2018 4:43:38 AM
Right of first refusal means they have the first right to enter into a license to commercialize the research findings. Typically they have to match the best bid, e.g., if RMHB and Company X each bid $10 for the license, say, RMHB prevails.
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(0)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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