Preemptive Rights Clause Vorzugsaktienklausel Pre-emption Rights Clause Cláusula de Derecho de Adquisición Preferente Cláusula de Derecho de Adquisición Preferente Clause de droits préférentiels סעיף זכויות קדם קנייה पूर्वाधिकार अधिनियम 優先的引受権条項 Cláusula de direitos de subscrição 优先认购权条款 A preemptive rights clause is a provision in a contract that grants a party the right to purchase additional shares of stock in a company before they are offered to the public, thereby maintaining their percentage of ownership.