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.
Delaware 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?
If you need to comprehensive, acquire, or printing legitimate document templates, use US Legal Forms, the most important assortment of legitimate forms, which can be found on the Internet. Utilize the site`s simple and hassle-free lookup to find the files you will need. Various templates for enterprise and individual purposes are sorted by categories and says, or keywords. Use US Legal Forms to find the Delaware Right of First Refusal and Co-Sale Agreement within a couple of click throughs.
When you are already a US Legal Forms client, log in to your profile and then click the Down load key to find the Delaware Right of First Refusal and Co-Sale Agreement. You can even gain access to forms you earlier acquired within the My Forms tab of your profile.
If you work with US Legal Forms for the first time, follow the instructions beneath:
- Step 1. Be sure you have selected the form to the appropriate town/region.
- Step 2. Utilize the Review method to check out the form`s content. Never overlook to learn the information.
- Step 3. When you are not happy with all the kind, make use of the Lookup industry towards the top of the screen to get other versions from the legitimate kind design.
- Step 4. Once you have located the form you will need, select the Get now key. Select the costs prepare you like and put your credentials to sign up to have an profile.
- Step 5. Approach the transaction. You should use your charge card or PayPal profile to perform the transaction.
- Step 6. Pick the format from the legitimate kind and acquire it on your own gadget.
- Step 7. Comprehensive, modify and printing or sign the Delaware Right of First Refusal and Co-Sale Agreement.
Every legitimate document design you acquire is the one you have eternally. You have acces to every single kind you acquired in your acccount. Select the My Forms portion and decide on a kind to printing or acquire once more.
Contend and acquire, and printing the Delaware Right of First Refusal and Co-Sale Agreement with US Legal Forms. There are many specialist and express-particular forms you can utilize for your enterprise or individual requirements.
Form popularity
FAQ
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.
A ROFR is essentially an option to buy a property before it's sold to another buyer. The seller and the holder can choose to agree on a price and other terms in the ROFR or negotiate later. The option could end at a specific date in the future, and the owner doesn't have to sell if the terms aren't already established.
A right of first refusal is a clause used in contracts that allows one party the first opportunity to make an offer on a property. It is basically ?first dibs? in legal form.
If the tenant decides not to exercise that tenant's option, upon the expiration of the 90-day period, the option shall convert into a right of first refusal, meaning that the property shall not be sold to any other purchaser at any time, at any price or terms without first having been offered on the same terms to the ...
ROFR is a contractual obligation that binds both a prospective real estate buyer ? for example, a potential homeowner looking for an apartment, condo or single-family residence ? and a seller.
Tag-along rights also referred to as "co-sale rights," are contractual obligations used to protect a minority shareholder, usually in a venture capital deal. If a majority shareholder sells his stake, it gives the minority shareholder the right to join the transaction and sell their minority stake in the company.
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.
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.
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.