Preemptive rights A privilege possessed by certain shareholders that gives them the right to purchase additional shares in the company prior to the general public. Home Resources Startup Law Dictionary Preemptive rights Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :