Right of First Refusal in Business: Protecting Ownership Interests
Explore critical insights on implementing Right of First Refusal in Business, a strategic method for protecting ownership interests in corporations or limited liability companies. What is a Right of First Refusal in Business? A Right of First Refusal, or ROFR, is a strategic mechanism in business agreements which grants existing shareholders or members an option […]
Right of First Refusal
What Is the Right of First Refusal? The right of first refusal (ROFR) in the real estate is a contract that gives a specific right to a party to purchase a particular property. The right of first refusal must have at least three parties: the owner, the buyer, and the option holder. The holder of the […]