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.
Guam 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?
You are able to invest several hours on the Internet attempting to find the legitimate document design that fits the federal and state demands you will need. US Legal Forms provides a huge number of legitimate types which are reviewed by experts. You can easily obtain or produce the Guam Right of First Refusal and Co-Sale Agreement from the service.
If you currently have a US Legal Forms bank account, you are able to log in and click the Down load button. Afterward, you are able to total, edit, produce, or sign the Guam Right of First Refusal and Co-Sale Agreement. Every single legitimate document design you get is your own property forever. To get an additional copy of any obtained develop, proceed to the My Forms tab and click the corresponding button.
Should you use the US Legal Forms website initially, adhere to the straightforward recommendations beneath:
- First, make sure that you have chosen the correct document design for the area/city of your choice. Browse the develop outline to make sure you have picked out the right develop. If readily available, take advantage of the Review button to look through the document design also.
- If you wish to locate an additional variation in the develop, take advantage of the Lookup discipline to obtain the design that meets your requirements and demands.
- When you have located the design you desire, just click Acquire now to proceed.
- Select the pricing strategy you desire, key in your references, and register for your account on US Legal Forms.
- Comprehensive the purchase. You may use your bank card or PayPal bank account to purchase the legitimate develop.
- Select the formatting in the document and obtain it to the device.
- Make adjustments to the document if necessary. You are able to total, edit and sign and produce Guam Right of First Refusal and Co-Sale Agreement.
Down load and produce a huge number of document layouts while using US Legal Forms website, which offers the most important assortment of legitimate types. Use professional and express-distinct layouts to tackle your company or personal requirements.
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 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.
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.
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.
?Definition? A co-sale agreement (co-sale rights or tag-along provision) in a term sheet gives one group of stockholders the right to sell their shares when another group does so, and under the same conditions.
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.