WebExercise of ROFO. Tenant will have ten (10) days after receipt of a complete and correct copy of the ROFO Purchase Notice (the “ROFO Exercise Period”) to exercise its irrevocable ROFO to purchase the Offered Property for the economic terms set forth in the ROFO Purchase Notice, after which time the parties shall promptly negotiate and execute a … Web18 Mar 2024 · By Thomas M. Fafinski. Most of us are familiar with the right of first refusal (“ROFR”) but not with the right of first offer (“ROFO”). Generally, a ROFR is advantageous to the purchaser and the ROFO is advantageous to the seller. With a ROFR, prior to selling your interest to another, you must first allow an existing partner (or other ...

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Rights of First Offer (ROFO) Practical Law

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