preemption
- It is the privilege to buy something before anyone else has the opportunity to do so
- This is the privilege given by the government to an occupant of a piece of public land, allowing them to purchase it before the general public
- In the context of law, preemption refers to the principle that if a higher level of government has established regulations on a certain subject, those rules will overwrite any laws made by a lower level of government, such as a city
- This term can also describe the act or occurrence of using the preemption right
- The seller gave the tenant preemption rights to the property before selling it on the open market.
- Due to the preemption clause in their agreement, the local council's regulations were superseded by state laws.
- The cable company exercised its preemption right to purchase a sought-after piece of land before anyone else could.
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