The company hereby waives any preexisting rights of first refusal applicable to the transactions contemplated hereby. It gives the current investors of a startup the right to match or exceed competing offers that they receive from other investors. A right of first refusal clause for inclusion in a commercial contract. Web right of first refusal (rofr), also known as first right of refusal, is a contractual right to match or refuse to match an offer on an asset after other offers have been made. Web sample 1 sample 2 sample 3 see all ( 282) right of first refusal.
Web company’s right of first refusal. Web (1) licensee agrees that it shall not, during the term, or any extensions thereof, negotiate or discuss with any third party the use, lease, sale, transfer or assignment of the channels, or any part thereof, or any option therefore, whether such use, lease, sale, transfer, option or assignment is to take place during the term or thereafter, subj. Prior to the effective date of a registration statement under the act, any shares of stock issued pursuant to exercise of this option shall be subject to the company's right of first refusal as set forth at appendix a. Subject to the limitation set forth in section 51.1 hereof, throughout the term tenant shall have an ongoing right of first refusal as to space in the adjoining building (excluding space on first floor ).
The clause requires the grantor of the right to offer contract terms to the grantee before it can conclude a contract on the same terms with a third party. Web (1) licensee agrees that it shall not, during the term, or any extensions thereof, negotiate or discuss with any third party the use, lease, sale, transfer or assignment of the channels, or any part thereof, or any option therefore, whether such use, lease, sale, transfer, option or assignment is to take place during the term or thereafter, subj. It also provides a valuable negotiating tool.
Sample 1 sample 2 sample 3 see all ( 6) right of first refusal agreement. November 16, 2023 by savannah minnery. Subject to the limitation set forth in section 51.1 hereof, throughout the term tenant shall have an ongoing right of first refusal as to space in the adjoining building (excluding space on first floor ). Right of first refusal (rofr) is a contractual clause that, when applied to a business transaction, allows one party an advantage in negotiations. Web for a business with shareholders holding enough shares to swing the votes on shareholder decisions, a right of first refusal is a mechanism to:
Web for a business with shareholders holding enough shares to swing the votes on shareholder decisions, a right of first refusal is a mechanism to: Web (1) licensee agrees that it shall not, during the term, or any extensions thereof, negotiate or discuss with any third party the use, lease, sale, transfer or assignment of the channels, or any part thereof, or any option therefore, whether such use, lease, sale, transfer, option or assignment is to take place during the term or thereafter, subj. Right of first refusal (rofr) is a contractual clause that, when applied to a business transaction, allows one party an advantage in negotiations.
Web By Practical Law Trusts & Estates.
It provides the party with a preemptive right to purchase. A right of first refusal clause for inclusion in a commercial contract. A tenant may agree to pay a higher rent or make other concessions in. The clause requires the grantor of the right to offer contract terms to the grantee before it can conclude a contract on the same terms with a third party.
Unless Otherwise Stated In The Award Agreement Or The Exercise Agreement, The Company Reserves To Itself And/Or Its Assignee (S) A Right Of First Refusal To Purchase All Shares That A Participant (Or A Subsequent Transferee Or Assignee) May Propose To Transfer To A Third Party (The Right Of First.
Web right of first refusal (rofr), also known as first right of refusal, is a contractual right to match or refuse to match an offer on an asset after other offers have been made. November 16, 2023 by savannah minnery. Company’s right of first refusal. 4.2 waiver of right of first refusal.
Web The Right Of First Refusal Agreement Grants One Party The Opportunity To Purchase A Property Or Asset Before It Is Offered To Others, Usually On The Same Terms.
Found in morphic holding, inc. Right of first refusal to lease. Web in real estate, right of first refusal (rofr) is a contract clause that gives certain people the contractual right to purchase a property before the seller accepts public offers. It gives the current investors of a startup the right to match or exceed competing offers that they receive from other investors.
The Key Elements Of A Right To First Refusal Clause In A Commercial Contract Include:
Right of first refusal agreement. Sample 1 sample 2 sample 3 see all ( 6) right of first refusal agreement. The right of first refusal clause, also known as “rofr”, or “rofr” clause is an important provision in term sheets— it can make or break the deal. Web sample 1 sample 2 sample 3 see all ( 282) right of first refusal.
Web (a) the company hereby grants to each purchaser the right of first refusal to purchase, at the same per share price and on the same terms and conditions, such purchaser 's pro rata share of new securities as the company may, from time to time, sell or issue after the date of this agreement; Web the right of first refusal (section 2.1) provides that where a shareholder proposes to transfer shares of the company, the company shall have a right of first refusal to purchase all or any portion of such shares that such shareholder may propose to transfer at the same price and on the same terms and conditions as those offered to the prospecti. Web first right of refusal. The key elements of a right to first refusal clause in a commercial contract include: November 16, 2023 by savannah minnery.