A1. Tomatoes originated from the Andes, in what is now called Peru, Bolivia, Chile and Ecuador-where they grew wild. They were first cultivated by the Aztecs and Incas as early as 700 AD. Q2.
The Rights, as enumerated hereunder, it may be noted, are usually there to ensure that, if the boundary has been scored, they can take advantage of the same. Right of First Refusal in a shareholderâ¢s agreement provides the grantee with a contingent option to purchase an asset if the grantor elects to sell the shares[2].
Since an entity with the right of first refusal has the right, but not the obligation, to enter into a transaction that generally involves an asset, it is akin to a having a call option on the asset. A right of first refusal is usually negotiated by a party when it wants to see how a business will turn out.