Web4. If Purchaser fails to exercise its Right of First Refusal within the time stated above, this Right of First Refusal shall have no more force and effect. 5. Within three (3) days after the effective date (the date of complete execution and delivery of this Agreement), Purchaser shall deposit with Seller the sum of WebPursuant to the contract (the Contract) between plaintiff and Seller, the prospective sale was subject to a right of first refusal whereby the Board could purchase the Unit in accordance with the Condominium’s bylaws. The Contract states the following in pertinent part, “ [i]f so provided in the Declaration or By-Laws, this sale is subject ...
The Right of First Refusal What Your Board Should …
WebMar 10, 2024 · The right of first refusal is often included in parenting plans signed by divorced parents in Florida. Basically, this is the provision that allows a parent to spend … WebThe preemptive right allowed a sale for 95 percent of the offered price and you signed a third-party contract at $9.7 million, well within the 5 percent tolerance. The buyer has just … trump hotels in muslim countries
Company’s Right of First Refusal Sample Clauses - Law Insider
WebMar 12, 2024 · The First Refusal clause generally requires you to confer with your ex and see if he or she is available to watch the kids before you use someone else to babysit. ... Right of First Refusal clauses can be good because they can provide both parents unexpected, extra opportunities to be with the children (and no penalty if you can not be … WebFeb 20, 2024 · 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. In real estate terms, the phrase “right of first refusal” operates similarly. Put simply, it’s a type of legal clause that you may find in a contract or lease ... In Florida, a seller and a buyer can enter into a legally binding contract that creates an “option,” to purchase real estate. These agreements can look a lot like a real estate contact with provisions that detail the terms of the tranaction. Things like the legal description of the property (book and page or metes and … See more Under Florida law, a contract can be created between an owner of a home or condo and someone interested in buying that property that gives the interested party a right to be the … See more These contracts may seem strange, or even suspicious, to some people — why not just go ahead and sell the property outright instead of selling these contingent rights to a third … See more philippine national bank chairman