|
|
|||
|
Right of first refusal - Wikipedia, the free encyclopedia
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owne...
en.wikipedia.org/wiki/Right_of_first_refusal |
|||
|
|||
|
166, 170-171 (2002). In this case, the court ruled that the language in the real-estate purchase agreement executed by the parties was ambiguous as to whether it granted solely a right of first refusal or, in addition, created an enforceable option to purchase certain real property.
|
|||
|
Professional Real Estate; The smart choice for real estate; Broker; ... Right of First Refusal; A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
|
|||
|
Real Estate Investing Forums > Commercial Professional Forums > Art of the Deal > Right Of First Refusal? ... A right of first refusal is where a party has the first right to purchase a property before anyone else.
|
|||
|
Notwithstanding the terms of any motor fuel franchise, the motor fuel retailer shall be given the right of first refusal to purchase the real estate and/or improvements owned by the refiner-supplier at the franchise location, and at least thirty days' advance notice within which to exercise this right, prior to any...
|
|||
|
>> date to purchase at $X within 99 hours. If not, offer is voidable by ; >> the seller. Not the option the seller has, hence the "right" of first ; >> refusal.
|
|||
|
first right of refusal - (also called right of first refusal) a contractual option to purchase a property at the price and terms offered by another party. For example, Abel gives Baker a first right of refusal on a parcel of property adjoining Baker's property.
|
Copyright © 2010, Dictionary.com, LLC. All rights reserved.
Related Topics
