Examples of right of first offer clauses in contracts

Right of first offer to purchase clause samples - AfterpatternGrant of right of first offer clause samples - Afterpattern

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First Right Of Offer Sample With Purchase Agreement

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Up to $32 cash back · Definition: A First Right of Offer sample with a purchase agreement is a legal provision that enables a specific party (usually a tenant or a close associate of the seller) …

FAQs about Examples of right of first offer clauses in contracts Coupon?

What is the right of first offer?

Right of First Offer. If at any time during the Term space in the remainder of Building 10 becomes available for lease (the "Available Space"), then Lessor, prior to entering into a lease with any third party respecting the Available Space, shall first offer to lease the same to Lessee by delivery of notice to Lessee (the "Availability Notice"). ...

What is the right of first offer to lease?

Right of First Offer to Lease. Subject to the terms and conditions of the Lease, Tenant shall have a one- time right to lease certain space on the third (3rd) floor and the first (1st) floor of the Building if it becomes available for lease. This Notice of Lease has been executed to give notice of the Lease. ...

What is a tenant's right of first offer to purchase?

If Landlord intends to sell the Property during the Lease Term and there is no Event of Default, then Tenant has a right of first offer to purchase the Property ("Tenant's Right of First Offer to Purchase") on the same terms and conditions as Landlord proposes to sell to a third party. ...

What is included in a right of first offer agreement?

There are many variations that can be included in a right of first offer agreement, such as transferability and limits. For that reason, having legal counsel to help you in negotiating those terms is crucial. This is especially true if getting the property is essential to your future business plans. ...

What is right of first offer in real estate?

Most commonly, right of first offer is used in contracts within the real estate market and in the selling and buying of businesses. Typically, the stipulation is included in a tenant-landlord contract and in businesses with business partners and investors. The most practical reason to have right of first offer is for a commercial tenant. ...

What is a right of first offer agreement (Rofo)?

A right of first offer agreement (ROFO) is a contractual provision that gives one party the exclusive right to make the first offer to buy or sell a particular asset. This type of agreement can be used to ensure that the parties involved in a transaction are able to negotiate fairly and without fear of being outbid by a third party. ...