Right of first refusal vs. right of first offer The right of first refusal and the right of first offer (ROFO) are both contractual agreements that give one party a preferential position regarding a potential s
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 match an offer already made on an asset by another party. The person who owns...
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...
This is a popular clause among lessees of real estate because it gives them preference to the properties in which they occupy. However, it may limit what the owner could receive from interested parties competing for the property. Rights of First Refusal是一种合同约定的权利,使得某个人或公司在...
Furthermore, a well-crafted ROFO clause offers essential protections by specifying how and when the offer will be presented, along with an accepted pricing method to avoid inflated valuations that can sometimes hinder transaction success. How ROFO Differs from Right of First Refusal (ROFR) ...
Party B shall have the right of first refusal under equal conditions. 乙方在同等条件下享有优先购买权。 例句2: Commissioning party has the right of first refusal under the same conditions. 研究开发人转让专利申请权的,委托人享有以同等条件优先购买的权利。
Rights Of First Refusal (With Sample Clauses) Rudolph (Rob) Houck Rudolph (Rob) Houck, a partner with Eaton & Van Winkle, regularly assists cl..