Right of First Refusal Agreement Sample Template

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Microsoft Word (Editable)

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Document Overview

The Right of First Refusal (ROFR) agreement is a legal contract between an asset's owner and a potential buyer (the holder of the right) which grants the holder the priority to purchase the asset before the owner can sell it to someone else.

Key Details in Right of First Refusal Include:

1. Parties Involved: Identifies the asset's owner (grantor of the right) and the potential buyer (holder of the right).
2. Description of the Asset or Property
3. Notification Process
4. Offer Detail
5. Exercise Period: Defines the timeframe within which the holder must decide to exercise their right to purchase the asset upon receiving an offer.
6. Transfer Conditions: Details any conditions that apply to the transfer of the asset from the owner to the holder, should the holder decide to exercise their ROFR.
7. Duration of the Right

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Right of First Refusal Agreement Sample Template

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