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A right of first refusal is similar to but not the same as an option to purchase. 139 Generally, an option to purchase is used when a prospective purchaser knows he or she wants the land, or may want it within a certain time.
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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 |
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ARTICLE --OPTION AND RIGHT OF FIRST REFUSAL During the initial _____ year term hereof, the Lessee shall have the option, exercisable by not less than _____ days notice to Lessor, to purchase the Property at a gross purchase price of ______________, payable in cash or by Lessee's check (or, in part, if Lessee so elects,
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Business Contracts ... (h) Assignment of Right of First Refusal. The Right of First Refusal shall be freely assignable by the Company at any time. -2- <PAGE> 3 3. General Provisions. (a) This Agreement shall be governed by the laws of the State of Washington as they apply to contacts entered into and wholly to be performed...
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Contract Documents General Service/Product Contracts : Right of First Refusal Partnership Agreement ... The Right of First Refusal is used when entering into a business partnership with another company which offers similar products or services. Use the Right of First Refusal to agree that each partner has the right to...
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The Right of First Refusal is used when entering into a business partnership with another company which offers similar products or services. Use the Right of First Refusal to agree that each partner has the right to first refuse the services for a particular client.
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