Definition
ROFR is a contractual right that gives a party the first opportunity to purchase an asset or investment before the seller offers it to others.
Related Services
Legal advisory and contract management services assist businesses in negotiating and managing ROFR clauses to protect their interests in transactions.
Problem and Application
ROFR is valuable in securing future opportunities, but it can limit the seller�s ability to negotiate freely with other potential buyers.
Conclusion
ROFR is a useful mechanism for ensuring priority in business transactions, but it requires careful management to avoid limiting future opportunities.
