This is an example of a Right of First Refusal, which is the contractual right of a party to match the terms of a projected contract with another party. This document is provided as is without any kind of warranty and is not intended to be used as a substitute for legal advice.
RIGHT OF FIRST REFUSAL
This Right of First Refusal Agreement (“Agreement”) is made on ____________, by and between _____________________, Grantor of the Right of First Refusal (hereinafter “Owner”) and _______________________________, grantee of the Right of First Refusal (“Grantee”).
In consideration of the payment by the Grantee to the Owner of the sum $ ________ and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
1. In the event that the Owner receives an offer (the "Offer") from any person to relative to the goods or property subject to this Agreement, described in Exhibit A, attached hereto and incorporated herein by this reference ("Offered Goods"), which the Owner is prepared to accept, then the Owner shall forthwith send to the Grantee notice in writing of its desire or intention to sell the Offered Goods accompanied by a copy of the Offer.
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