Understanding the Right of First Refusal Clause in Real Estate Transactions
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Understanding the Right of First Refusal Clause in Real Estate Transactions
What is a right of first refusal clause in a real estate transaction? A right of first refusal, “ROFR,” may be considered a common clause seen in real estate agreements. But the effects of an ROFR can be quite harmful if they are not properly negotiated.
May 14, 2025
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