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- Right_of_first_refusal abstract "Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In brief, the right of first refusal is similar in concept to a call option.An ROFR can cover almost any sort of asset, including real estate, personal property, a patent license, a screenplay, or an interest in a business. It might also cover business transactions that are not strictly assets, such as the right to enter a joint venture or distribution arrangement. In entertainment, a right of first refusal on a concept or a screenplay would give the holder the right to make that movie first. Only if the holder turns it down may the owner then shop it around to other parties.Because an ROFR is a contract right, the holder's remedies for breach are typically limited to recovery of damages. In other words, if the owner sells the asset to a third party without offering the holder the opportunity to purchase it first, the holder can then sue the owner for damages but may have a difficult time obtaining a court order to stop or reverse the sale. However, in some cases the option becomes a property right that may be used to invalidate an improper sale.ROFR also arises in visitation agreements/orders in divorce cases. In such cases, an ROFR may require a custodial parent to offer parenting time to the non-custodial parent (rather than having a child supervised by a third party) any time that the custodial parent or his/her family is unable to exercise his/her right to parenting time (e.g., the custodial parent needs to travel out of town). Under these circumstances a breach may result in a finding of contempt and any remedies for contempt.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 good faith negotiations with the rights holder before negotiating with other parties. A ROFR is an option to enter a transaction on exact or approximate transaction terms. A ROFO is merely an agreement to negotiate.".
- Right_of_first_refusal wikiPageExternalLink 99_009.PDF.
- Right_of_first_refusal wikiPageExternalLink Pub147.pdf.
- Right_of_first_refusal wikiPageExternalLink 1635.pdf.
- Right_of_first_refusal wikiPageID "625830".
- Right_of_first_refusal wikiPageLength "8892".
- Right_of_first_refusal wikiPageOutDegree "25".
- Right_of_first_refusal wikiPageRevisionID "707651505".
- Right_of_first_refusal wikiPageWikiLink Asset.
- Right_of_first_refusal wikiPageWikiLink Business_transaction.
- Right_of_first_refusal wikiPageWikiLink Call_option.
- Right_of_first_refusal wikiPageWikiLink Category:Contract_law.
- Right_of_first_refusal wikiPageWikiLink Category:Publishing.
- Right_of_first_refusal wikiPageWikiLink Concession_(contract).
- Right_of_first_refusal wikiPageWikiLink Damages.
- Right_of_first_refusal wikiPageWikiLink Drag-along_right.
- Right_of_first_refusal wikiPageWikiLink Escrow.
- Right_of_first_refusal wikiPageWikiLink First_look_deal.
- Right_of_first_refusal wikiPageWikiLink Good_faith.
- Right_of_first_refusal wikiPageWikiLink Option_(finance).
- Right_of_first_refusal wikiPageWikiLink Patent.
- Right_of_first_refusal wikiPageWikiLink Pre-emption_right.
- Right_of_first_refusal wikiPageWikiLink Property.
- Right_of_first_refusal wikiPageWikiLink Real_estate.
- Right_of_first_refusal wikiPageWikiLink Right_to_property.
- Right_of_first_refusal wikiPageWikiLink Screenplay.
- Right_of_first_refusal wikiPageWikiLink Startup_company.
- Right_of_first_refusal wikiPageWikiLink Stock_dilution.
- Right_of_first_refusal wikiPageWikiLink Tag-along_right.
- Right_of_first_refusal wikiPageWikiLink Term_sheet.
- Right_of_first_refusal wikiPageWikiLink Time.
- Right_of_first_refusal wikiPageWikiLinkText "Right of first refusal".
- Right_of_first_refusal wikiPageWikiLinkText "first access".
- Right_of_first_refusal wikiPageWikiLinkText "first refusal rights".
- Right_of_first_refusal wikiPageWikiLinkText "first refusal".
- Right_of_first_refusal wikiPageWikiLinkText "first right of refusal".
- Right_of_first_refusal wikiPageWikiLinkText "first-look rights".
- Right_of_first_refusal wikiPageWikiLinkText "first-refusal option".
- Right_of_first_refusal wikiPageWikiLinkText "option".
- Right_of_first_refusal wikiPageWikiLinkText "right of first and last refusal".
- Right_of_first_refusal wikiPageWikiLinkText "right of first look".
- Right_of_first_refusal wikiPageWikiLinkText "right of first offer".
- Right_of_first_refusal wikiPageWikiLinkText "right of first refusal".
- Right_of_first_refusal wikiPageWikiLinkText "right of last refusal".
- Right_of_first_refusal wikiPageWikiLinkText "right of refusal".
- Right_of_first_refusal wikiPageWikiLinkText "right-of-first-refusal".
- Right_of_first_refusal wikiPageWikiLinkText "rights of first refusal".
- Right_of_first_refusal wikiPageUsesTemplate Template:!.
- Right_of_first_refusal wikiPageUsesTemplate Template:About.
- Right_of_first_refusal wikiPageUsesTemplate Template:Refimprove.
- Right_of_first_refusal wikiPageUsesTemplate Template:Reflist.
- Right_of_first_refusal subject Category:Contract_law.
- Right_of_first_refusal subject Category:Publishing.
- Right_of_first_refusal hypernym Right.
- Right_of_first_refusal type River.
- Right_of_first_refusal type Redirect.
- Right_of_first_refusal type Term.
- Right_of_first_refusal comment "Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. In brief, the right of first refusal is similar in concept to a call option.An ROFR can cover almost any sort of asset, including real estate, personal property, a patent license, a screenplay, or an interest in a business.".
- Right_of_first_refusal label "Right of first refusal".
- Right_of_first_refusal sameAs Q694719.
- Right_of_first_refusal sameAs Dret_de_tanteig.
- Right_of_first_refusal sameAs Předkupní_právo.
- Right_of_first_refusal sameAs Vorkaufsrecht.
- Right_of_first_refusal sameAs Derecho_de_tanteo.
- Right_of_first_refusal sameAs Droit_de_préemption.
- Right_of_first_refusal sameAs זכות_קדימה_(מקרקעין).
- Right_of_first_refusal sameAs 우선매수청구권.
- Right_of_first_refusal sameAs Voorkeursrecht.
- Right_of_first_refusal sameAs Forkjøpsrett.
- Right_of_first_refusal sameAs Pierwokup.
- Right_of_first_refusal sameAs m.02y22p.
- Right_of_first_refusal sameAs Förköpsrätt.
- Right_of_first_refusal sameAs Q694719.
- Right_of_first_refusal wasDerivedFrom Right_of_first_refusal?oldid=707651505.
- Right_of_first_refusal isPrimaryTopicOf Right_of_first_refusal.