Right of first refusal clauses are similar tooptions contractsin that holders are granted rights but not obligations. With an ROFR, the right holder has the right, but not the obligation, to match or decline to
Right of First RefusalBargaining experimentsRights of first refusal are contract clauses intended to provide the holder of a license or lease with some protection when the contract ends. The simplest version gives the right holder the ability to act after potential competitors. However, another ...
Right of first refusal in a real estate purchase is a legal clause that gives a potential buyer the first opportunity to purchase a piece of property. Learn more here
What Is a Right of First Refusal (ROFR)? How Does the ROFR Work? An ROFR is an agreement between two parties: the owner of the asset and the holder of the right. In real estate, it usually appears as a clause within a lease or another contract that allows its holder to buy the pr...
No Right of First Refusal. Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any other person has any preemptive right, right of first refusal or other similar righ...
Classified Right of First Refusal. In the event vacant space exists or is to come into existence on the 6th floor at any time during the initial Term of this Lease and Landlord and a prospective tenan...
For buyers, the right of first offer is not as strong as right of first refusal. If the contract states that the seller can ask for a price with the right of first offer, rather than the holder offering a price, many sellers will ask too much. Owners often have an inflated idea of ...
Visa First will not be liable for any visa application being refused or any additional costs arising from such a refusal (including travel costs) should situations of outdated information arise. Similarly, in the event where immigration advice provided by one immigration officer / consular official ...
If you are offered the Right of First Refusal, should you accept? An investigation of contract design Rights of first refusal are contract clauses intended to provide the holder of a license or lease with some protection when the contract ends. The simplest... B Grosskopf,AE Roth - 《Games...
The right of first offer is often adopted in shareholders’ agreements, property sales contracts or leases, licenses, and pre-acquisition contracts.1 This contract clause specifies that a seller has to negotiate first with the contracted buyer before looking for subsequent buyers and it prevents the...