Issues to Consider in Negotiating Rights of First Refusal

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A right of first refusal (“RFR”) to purchase property is, in essence, an option to purchase property which is triggered by some event, usually the receipt by the owner of the property of an acceptable, bona fide third party offer to purchase the property. The terms of a purchase under the RFR are the terms of the acceptable offer. Keep reading Issues to Consider in Negotiating Rights of First Refusal to avoid any problems.

 

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