Discover how Right of First Refusal (ROFR) works, offering potential buyers the first chance to purchase an asset. Learn its ...

Legislators seem to like rights of first refusal, but they may cause more complexity and burdens than they're worth. Rental apartment buildings are bought and sold regularly. To try to promote ...

The right of first refusal in real estate refers to a certain person having the right to purchase real estate for sale before it's offered to other buyers. A first right of refusal clause might be ...

In commercial leases, it is common for the tenant to be given the “option” to continue to lease their premises for a new term commencing immediately upon the expiration of the existing term. Although ...

Q: My agency is a member of a franchise or consortium organization. The organization recently reminded me that, in our contract, it has a right of first refusal in case we want to sell our agency to ...

Winning a federal contract can be a boon for your small business, but, as with anything involving the federal government, unique regulations will apply to your contract. One of these is the right of ...

Q. What is the status of the right of first refusal in Illinois as it relates to condominium boards and sales? I know that a condominium board cannot stop the sale to a buyer because they have secured ...

The University of Maryland, College Park, and the state’s four historically Black institutions are set to have a right of first refusal for certain academic programs beginning July 1, but legislators ...