First Refusal Contract With Nike

State:
Multi-State
Control #:
US-01770
Format:
Word; 
Rich Text
Instant download

Description

The 'First Refusal Contract with Nike' outlines the procedures and limitations regarding the transfer of shares among shareholders. Key features include a clause requiring shareholders to notify the company of any intent to sell shares, enabling the company the first right to purchase the shares before they can be sold to external parties. This form mandates a specific notice period, within which the company can decide to buy the shares, followed by the completion of the sale within a stipulated timeframe. If the company opts not to purchase, the selling shareholder may proceed with the sale, adhering to the same notification requirements for any subsequent transfers. These regulations ensure orderly transitions of ownership while protecting the interests of existing shareholders and the company. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in corporate governance, shareholder agreements, and compliance. It serves as a safeguard for existing shareholders, facilitating smooth operations, and providing clarity in share transfer processes.

How to fill out Right Of First Refusal Clause For Shareholders' Agreement?

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FAQ

Right of first refusal clauses are sometimes included to provide the opportunity for the home or unit to stay under the control of related parties. This clause may be used to give a relative or family member the right to buy a property from someone before they put it on the market and seek outside offers.

In real estate, the right of first refusal is a clause in a contract that gives a prioritized, interested party the right to make the first offer on a house before the owner can negotiate with other prospective buyers.

A right of first refusal is a contractual right giving its holder the option to transact with the other contracting party before others can. The ROFR assures the holder that they will not lose their rights to an asset if others express interest.

Seller hereby grants Purchaser a right of first refusal on the Property or any portion of the Property in ance with the terms below (?Right of First Refusal?).

RIGHT OF FIRST REFUSAL (ROFR). OTA will offer all sponsorships to the sponsoring company from the same event the year before prior to solicitation of new and or additional sponsors for a previously sponsored item.

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First Refusal Contract With Nike