WebbFAR 52.207-3 Right of First Refusal of Employment. Basic (May 2006) (Current) As prescribed in 7.305 (c), the contracting officer shall insert the clause at 52.207-3, Right of First Refusal of Employment, in all solicitations which may result in a conversion from in-house performance to contract performance of work currently being performed by ... Webb28 okt. 2024 · A right of first refusal, also called a ROFR, the first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first ...
first refusal, right of definition · LSData
Webb29 sep. 2024 · A right of first refusal, also known as a matching right or right of first offer, is a contractual guarantee that one party to a business deal can match any offer that the … Webb3 maj 2024 · Key Takeaways A right of first refusal is a contractual right giving its holder the option to transact with the other contracting... The ROFR assures the holder that they … dutch political party
first refusal in a sentence Sentence examples by Cambridge …
WebbDrafting the Right of First Refusal As noted above, a ROFR is enforceable when the price of the property, the time the holder has to accept the ROFR, and the ROFR’s purpose are deemed reasonable. ROFRs specifying a fair market or market-produced sales price have been upheld, as well as ROFRs that have designated a 90-day period for exercising or … Webb28 okt. 2024 · A right of first refusal, also called a ROFR, the first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction … WebbDefinition: The right of first refusal is a contractual agreement that gives a potential buyer the right to match the terms of a third party's higher offer. For example, if a person has the right of first refusal on a property, and someone else offers to buy it for a certain price, the person with the right of first refusal can match that offer and buy the property instead. crysis 3 cell intel