A right given to a person to be the first person allowed to purchase a certain object if it is ever offered for sale. The owner of this right is the first to be offered the designated object if it is ever to be offered for sale. The extent of these rights varies from country to country and may include the right to build a wharf outwards to a navigable depth or to take emergency measures to prevent flooding. A common law rule that prevents suspending the transfer of property for more then 21 years or a lifetime plus 21 years. For example, if a will proposes the transfer of an estate to some future date, which is uncertain, for either more than 21 years after the death of the testator or for the life of a person identified in the will and 21 years, the transfer is void.
Statute law exists in many jurisdictions which supersedes the common law rule.
All rights reserved under penalty of whatever I can get in the cheapest court, with the meanest judge, in your jurisdiction. The law can change very quickly and without warning. Without these sudden or unexpected changes, politicians and special interest groups would have no reason for performance pay. Do not rely on the above information as legal advice or as a sole source of the law in your area of interest unless you are a complete idiot, in which case design your life around every word in this web site and be sure to properly spell my surname in your will. Consult a lawyer before making any decision that might impact your rights or those of others.