There is no right of way .. There is only a stand on vessel and a give way vessel .. Even then, the stand on vessel must also give way if there is a risk of collision.
True, but the title of Part 2 Section A is “Right of Way”. Rule 15 discusses acquiring Right of Way. While it might not be a defined term, the term Right of Way is easy for new sailors and racers to understand. For new racers the concept of who is allowed to sail straight and who needs to avoid can be thought of as Right of Way. As always, No Collisions is the most important rule.