A contractual right that the seller must first give the rights holder the opportunity to purchase an asset, but does not set requirements for the transaction. The seller agrees to negotiate with the rights holder, and attempt to reach an agreement. If the seller and rights holder cannot reach an agreement, the seller may then negotiate with or sell to any other party. also called right of first negotiation.
Related information about right of first offer:
- Right of first refusal - Wikipedia, the free encyclopedia
An ROFR differs from a Right of First Offer (ROFO, also known as a Right of First Negotiation) in that the ROFO merely obliges the owner to undergo exclusive ...
- Right Of First Offer Definition | Investopedia
A contractual obligation by the owner of an asset to a rights holder to negotiate the sale of an asset with the rights holder before offering the asset for sale to third ...
- Right of First Offer vs. Right of First Refusal | Chron.com
In commercial real estate leases and in the buying and selling of businesses, the right of first offer and right of first refusal are important strategic considerations.
- Sample Contracts - Agreement Re Right of First Offer to Purchase ...
AGREEMENT RE RIGHT OF FIRST OFFER TO PURCHASE .... The ongoing right of first offer granted herein shall be independent of any option rights granted ...
- What is right of first offer? definition and meaning
Definition of right of first offer: A contractual right that the seller must first give the rights holder the opportunity to purchase an asset, but does not set ...
- Right of First Offer Agreement - Willamette Industries Inc. and John ...
Mar 26, 2008 ... RIGHT OF FIRST OFFER AGREEMENT This agreement is made and entered this 15th day of May, 1996, byand between Willamette Industries, ...
- Right of first offer - Financial Dictionary - The Free Dictionary
The right of a person or company to purchase some thing before the offering is made to others. Right of First Refusal. The right of a person or organization to take ...
- Pro-Tenant Right Of First Offer To Lease Additional Space In The ...
RIGHT OF FIRST OFFER. A. Grant of Option; Conditions. Tenant shall have the on-going right of first offer (the "Right of First Offer") with respect to the any space ...