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Right of First Refusal

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

First Refusal Right

First Refusal Right Right of First Refusal Real Estate Transactions Property Leasing Property Purchasing

The First Refusal Right, also known as Right of First Refusal (ROFR), grants the holder the opportunity to enter a transaction—such as purchasing or leasing property—before the owner can enter into a similar transaction with a third party.

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January 1, 1 6 min read Definitions

Right of First Refusal

Right of First Refusal Contractual Agreement Real Estate Transactions Tenant Rights Property Sale Legal Terms Property Law Negotiation Rights

The Right of First Refusal (ROFR) grants a party the opportunity to match the terms of a proposed contract before it is executed with an outside party.

Read more about Right of First Refusal.