This is a "Right of First Refusal and Co-Sale Agreement." It is entered into by the corporation and the purchasers of preferred stock. It gives the company and the purchasers of preferred stock certain rights of refusal and options upon the transfer of stock.
California Right of First Refusal and Co-Sale Agreement
Category:
State:
Multi-State
Control #:
US-TC0211A
Format:
Word;
PDF;
Rich Text
Instant download
Description
Free preview
How to fill out Right Of First Refusal And Co-Sale Agreement?
It is possible to spend hours online searching for the lawful papers format that fits the state and federal specifications you require. US Legal Forms provides a huge number of lawful kinds which can be examined by specialists. You can easily download or print out the California Right of First Refusal and Co-Sale Agreement from your support.
If you have a US Legal Forms bank account, it is possible to log in and then click the Download button. Following that, it is possible to comprehensive, modify, print out, or signal the California Right of First Refusal and Co-Sale Agreement. Every single lawful papers format you purchase is the one you have permanently. To acquire one more version associated with a obtained develop, visit the My Forms tab and then click the corresponding button.
Should you use the US Legal Forms web site initially, keep to the simple guidelines under:
- Initially, be sure that you have selected the correct papers format for your county/city that you pick. Read the develop information to ensure you have selected the appropriate develop. If accessible, take advantage of the Review button to search throughout the papers format also.
- If you wish to discover one more version in the develop, take advantage of the Lookup industry to get the format that fits your needs and specifications.
- When you have discovered the format you need, click Acquire now to continue.
- Choose the costs program you need, key in your credentials, and sign up for a merchant account on US Legal Forms.
- Total the transaction. You can utilize your charge card or PayPal bank account to cover the lawful develop.
- Choose the structure in the papers and download it in your product.
- Make changes in your papers if possible. It is possible to comprehensive, modify and signal and print out California Right of First Refusal and Co-Sale Agreement.
Download and print out a huge number of papers themes making use of the US Legal Forms web site, that offers the greatest collection of lawful kinds. Use skilled and condition-distinct themes to tackle your company or personal demands.
Form popularity
FAQ
A right of first refusal?often abbreviated as ?ROFR? (pronounced ?roafer?)?gives the holder of the right ?first dibs? on any potential share sale. Also known as a ?last look? provision, ROFRs are a common feature in venture financings.
Right of first refusal and co-sale agreement or ROFR for short, involves an agreement or clause that mandates a party provides notice before a transaction. Additionally, this agreement requires that an option is provided for the other party to refuse this transaction.
Simply put: A ROFR provides the non-selling shareholders with a right to either accept or refuse an offer from a selling shareholder after the selling shareholder has received a third party offer for its shares.
Is the right of first refusal a good idea? The right of first refusal can be a good idea in that it allows a potential buyer to have first dibs on a property, providing a sense of security and control. Sellers don't have to worry about listing the property and can save it for preferred buyers.
A right of first refusal is a fairly common clause in some business contracts that essentially gives a party the first crack at making an offer in a particular transaction.
Right of first refusal in real estate is a clause that gives a potential buyer the first opportunity to purchase a piece of property. It's common with, but not limited to, renters looking to buy from their landlords and families prepping for estate inheritances.
In a California partition action, a right of first refusal is a right given to co-owners that allows them to purchase their other co-owners' interests before the property is sold to a third party. This gives all co-owners a chance the resolve the co-ownership dispute before it escalates to a sale on the open market.
In some cases, a right of first refusal may give the holder the right to purchase the property at a specified ?bargain? price. Such provisions may be held unenforceable, especially if it is apparent that the specified price is significantly less than fair market value.