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Preferential right to acquire property in certain cases. (1) Where, after property or business, the other heirs shall have a preferential right to acquire the interest proposed to be transferred. Central Government Act.
Preferential Purchase Rights means rights of any Person (other than rights of condemnation, eminent domain, or other similar rights of any Person) to purchase or acquire any interest in any of the Purchased Assets, including rights that are conditional upon a sale of any Purchased Assets or any other event or condition
1. n. [Oil and Gas Business] The right that nonselling participating parties have in a lease, well or unit to proportionately acquire the interest that a participating party proposes to sell to a third party.
Preferential trade agreements: (FTAs) remove barriers to trade between members and offer preferential access to markets on a reciprocal basis. In addition to trade in goods, FTAs usually cover trade in services and investment provisions as well as remove both tariff and non-tariff barriers to trade.
The GPTAD contains the original text of PTAs that have been notified to the WTO as well as agreements that have not yet been notified. The database is updated on a regular basis and currently comprises more than 330 PTAs.
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Free trade allows for the unrestricted import and export of goods and services between two or more countries. Trade agreements assume three different types: unilateral, bilateral, and multilateral.
Preference over equity shareholders in the payment of dividend from the profits of the company. Preference in the repayment of their investment during winding up of the company.
A holder of a preferential right has, according to the provisions of this Code or other laws, a right as to the property of his debtor to receive therefrom performance of an obligation due to him in preference to other creditors. Section 252. The provisions of Section 244 apply correspondingly to preferential rights.
By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latters land, he has a preference.
This is the term used in the WTO for trade preferences, such as lower or zero tariffs, which a member may offer to a trade partner unilaterally.

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