This is a "Right of First Refusal and Co-Sale Agreement." It is entered into by the corporation and the purchasers of preferred stock. It gives the company and the purchasers of preferred stock certain rights of refusal and options upon the transfer of stock.
Franklin Ohio Right of First Refusal and Co-Sale Agreement is a legal document that outlines the rights and obligations of parties involved in certain transactions, typically related to the sale of real estate or business shares in Franklin, Ohio. This agreement ensures that certain individuals or entities, typically minority shareholders or neighboring property owners, have the opportunity to match or participate in a proposed sale before it is finalized. It is pertinent to understand the different types or variations of this agreement that exist in Franklin, Ohio. The Right of First Refusal (ROAR) clause grants a specific party, such as a minority shareholder or neighboring property owner, the right to be the first to purchase a property or shares being offered for sale. This means that if the owner decides to sell, they must first offer it to the party with the ROAR clause, giving them the opportunity to purchase it at the proposed terms and conditions. If the party with the ROAR clause declines or fails to respond within a specified timeframe, the owner is free to sell the property or shares to a third party. In the context of Co-Sale Agreements, this type of agreement often accompanies a ROAR clause. It allows minority shareholders or neighboring property owners to participate in a proposed sale alongside the majority shareholder or property owner. The Co-Sale Agreement ensures that if the majority shareholder or property owner receives an offer from a potential buyer, the minority shareholder or neighboring property owner has the option to sell their shares or property at the same terms and conditions. It is important to note that variations of these agreements exist based on specific situations or parties involved. For instance, there could be a Franklin Ohio Right of First Refusal and Co-Sale Agreement specifically tailored for businesses, where minority shareholders are provided with certain rights in case of a potential sale or acquisition. Likewise, there could be agreements designed for residential or commercial real estate properties, focusing on neighboring property owners' rights to purchase adjacent properties. In essence, Franklin Ohio Right of First Refusal and Co-Sale Agreements aim to protect the interests of minority shareholders or neighboring property owners by ensuring they have the opportunity to participate in a proposed sale. These agreements help maintain control over who can purchase properties or shares and can be customized to suit different business or real estate scenarios in Franklin, Ohio.Franklin Ohio Right of First Refusal and Co-Sale Agreement is a legal document that outlines the rights and obligations of parties involved in certain transactions, typically related to the sale of real estate or business shares in Franklin, Ohio. This agreement ensures that certain individuals or entities, typically minority shareholders or neighboring property owners, have the opportunity to match or participate in a proposed sale before it is finalized. It is pertinent to understand the different types or variations of this agreement that exist in Franklin, Ohio. The Right of First Refusal (ROAR) clause grants a specific party, such as a minority shareholder or neighboring property owner, the right to be the first to purchase a property or shares being offered for sale. This means that if the owner decides to sell, they must first offer it to the party with the ROAR clause, giving them the opportunity to purchase it at the proposed terms and conditions. If the party with the ROAR clause declines or fails to respond within a specified timeframe, the owner is free to sell the property or shares to a third party. In the context of Co-Sale Agreements, this type of agreement often accompanies a ROAR clause. It allows minority shareholders or neighboring property owners to participate in a proposed sale alongside the majority shareholder or property owner. The Co-Sale Agreement ensures that if the majority shareholder or property owner receives an offer from a potential buyer, the minority shareholder or neighboring property owner has the option to sell their shares or property at the same terms and conditions. It is important to note that variations of these agreements exist based on specific situations or parties involved. For instance, there could be a Franklin Ohio Right of First Refusal and Co-Sale Agreement specifically tailored for businesses, where minority shareholders are provided with certain rights in case of a potential sale or acquisition. Likewise, there could be agreements designed for residential or commercial real estate properties, focusing on neighboring property owners' rights to purchase adjacent properties. In essence, Franklin Ohio Right of First Refusal and Co-Sale Agreements aim to protect the interests of minority shareholders or neighboring property owners by ensuring they have the opportunity to participate in a proposed sale. These agreements help maintain control over who can purchase properties or shares and can be customized to suit different business or real estate scenarios in Franklin, Ohio.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
