Within fifteen (15) days after the Purchaser has exercised his or her right of first refusal, the Seller shall deliver to the Purchaser a Certificate of Title or title abstract covering the property described in paragraph I above which shall reflect that marketable fee simple title to the subject property is vested in Seller and that same is insurable by a title insurance company licensed to do business in the State of _______________ . Said Certificate or abstract shall be subject only to taxes for the current year, easements, and rights of way of record, and prior mineral reservations. Should said Certificate or Abstract reflect any other exceptions to the title unacceptable to Purchaser, Purchaser shall notify the Seller in writing of any defects within fifteen (15) days (the title review period) and the Seller shall have a reasonable time (but not more than 25 days) in which to make the title good and marketable or insurable, and shall use due diligence in an effort to do so. If after using due diligence the Seller is unable to make the title acceptable to Purchaser within such reasonable time, it shall be the option of the Purchaser either to accept the title in its existing condition with no further obligation on the part of the Seller to correct any defect, or to cancel this Agreement. If this Agreement is thus cancelled, all money paid by the Purchaser to the Seller upon the execution of this Agreement or upon any extension shall be returned to the Purchaser, and this Agreement shall terminate without further obligation of either party to the other. If title is acceptable to Purchaser, the closing shall occur within fifteen (15) days after expiration of the “title review period”. At closing Seller shall convey title to Purchaser by Warranty Deed subject only to exceptions acceptable to Purchaser.
❤️ Click here: First right of refusal sample letter
One wrong step by you can lead you to legal trouble or may hamper any potential future development. Ensure smooth transition between paragraphs. Right of First Refusal Agreement Template is either in MS Word, Excel or in PDF.
However, don't assume that the candidate is counting on you and not looking somewhere else. Subscription - Thanking you, yours sincerely etc. There are no written or oral understandings directly or indirectly related to this Agreement that are not set forth herein. By execution of this Agreement, each Investor, on behalf of itself, its affiliates and the other Investors, hereby waives any Right of First Refusal it has under Section 4.
How to write a Refusal Letter - All right of first refusal agreements have a specific term within which the rights holder must respond. In the event that the Right of First Refusal in Section 4.
We have updated the terms and conditions of our Rocket Lawyer On Call® Service Level Agreement that apply to your use of the platform and products and services provided by Rocket Lawyer. Please read the Service Level Agreement carefully as it governs the relationship between you and Rocket Lawyer and by continuing to use Rocket Lawyer, you are agreeing to be bound by the updated terms and conditions. If you have questions, comments, or concerns, please contact us at attorneyservices rocketlawyer. If you manage a closely held private company, protect your interests with a Private Equity Rights of First Refusal. It's a big name for a basic deal: shareholders get first dibs on shares before outsiders do. This document will help you keep tight control on who buys your company's shares. If you're a shareholder, a Private Equity Rights of First Refusal gives you the chance to increase your shares in a company you believe in. A Private Equity Rights of First Refusal Contract helps you maintain control of your private corporation. When one of your shareholders wants out, you may want to keep ownership within the inner circle. A Private Equity Rights of First Refusal Agreement requires shareholders to first offer their shares to other owners. Those shareholders will have a set time period to buy them before they can be offered to outsiders. If you're a shareholder, you have certain rights. The corporation you invested in might have started small, but maybe it's growing at warp speed. You believed in this company from the ground up, and it was your hard-earned cash that helped make it so successful. By signing a Private Equity Rights of First Refusal Agreement, you'll be able to decide whether to increase your ownership share. A right of first refusal agreement can help ease the uncertainty as your company grows. Other names for this document: Right of First Refusal, Shareholder's Right of First Refusal A Private Equity Rights of First Refusal Contract helps you maintain control of your private corporation. When one of your shareholders wants out, you may want to keep ownership within the inner circle. A Private Equity Rights of First Refusal Agreement requires shareholders to first offer their shares to other owners. Those shareholders will have a set time period to buy them before they can be offered to outsiders. If you're a shareholder, you have certain rights. The corporation you invested in might have started small, but maybe it's growing at warp speed. You believed in this company from the ground up, and it was your hard-earned cash that helped make it so successful. By signing a Private Equity Rights of First Refusal Agreement, you'll be able to decide whether to increase your ownership share. A right of first refusal agreement can help ease the uncertainty as your company grows. Other names for this document: Right of First Refusal, Shareholder's Right of First Refusal Copyright 2018 Rocket Lawyer Incorporated. Rocket Lawyer provides information and software only. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. Use of Rocket Lawyer is subject to our and.
Purchase Agreement - First Right Contingency
Optimistic thoughts deviate the impact of the sad news. The Holder shall have the right during the 10 days following receipt of the notice to purchase for cash or by using the outstanding balance of this Note including principal, interest, liquidated damages and any other amount then solo to Holder by the Company, such offered common stock, debt or other securities in accordance with the terms and conditions set forth in the notice of sale. If, however, the Offering Member is unable to consummate the Transfer of the Marketed Interest to a third party within the 120-day prime following expiration of the Election Period, the proposed Transfer shall again become subject to the Right of First Refusal in Section 8. Solely with respect to the issuance by the Company of the Exchanged Notes contemplated hereunder, the Investor hereby waives its rights pursuant to Section 4 m of the Existing Securities Purchase Agreement, and the Company shall not be obligated to make any offer to the Investor pursuant to First right of refusal sample letter 4 m thereof. For purposes of this Section 4. You can use your personal letterhead, if you have one. If Tenant fails to provide Landlord with such ring within such 10-day period, Landlord shall be free to lease space in the Building to the third party pursuant to the Offer. NO SUCH SALE OR DISPOSITION MAY BE 66. It is about the language used while informing. The Corporation hereby grants the Holder the first pan of refusal to purchase all or part of New Securities as defined in this Section 9 which the Corporation may, from time to time, propose to sell and issue.