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.
Kings New York Right of First Refusal and Co-Sale Agreement is a legal agreement that provides certain rights and protections to the parties involved in a real estate transaction. This agreement is commonly used in the state of New York and plays a crucial role in ensuring fairness and transparency in property dealings. Under the Kings New York Right of First Refusal clause, one party (typically a tenant or a joint owner) is granted the first opportunity to purchase a property before the owner considers selling it to a third party. This right allows the eligible party to match any offer received by the owner and acquire the property under the same terms and conditions. Additionally, the Co-Sale Agreement aspect of the agreement governs the sale and transfer of ownership interests in a jointly owned property. It outlines the process and terms for selling a portion of the property's ownership to a third party or other co-owners. This provision ensures that all owners have the opportunity to share in the proceeds of a sale and maintain proportionate ownership interests. There are a few different types of Kings New York Right of First Refusal and Co-Sale Agreements that can be tailored to meet specific needs: 1. Residential Property Agreement: This type of agreement is commonly used in residential real estate transactions, such as condominiums, apartments, or houses. It protects the rights of tenants or co-owners and provides them with the opportunity to purchase the property before it is sold to an outside party. 2. Commercial Property Agreement: For commercial properties, this agreement is crucial in protecting the interests of business tenants or co-owners. It ensures that they have a fair chance to acquire the property if the owner decides to sell it, maintaining stability and continuity for their business operations. 3. Investment Property Agreement: In the case of investment properties, this agreement can be used between multiple investors or partners involved in the property. It facilitates the smooth sale or transfer of ownership interests in these properties, protecting the value of the investment and minimizing conflicts between the parties. In conclusion, Kings New York Right of First Refusal and Co-Sale Agreement is a comprehensive legal tool used in real estate transactions in New York. It safeguards the interests of tenants, co-owners, and investors, allowing them to exercise their rights and maintain control over property transfers. It provides opportunities for fair negotiations, transparent procedures, and ensures the smooth functioning of real estate transactions.Kings New York Right of First Refusal and Co-Sale Agreement is a legal agreement that provides certain rights and protections to the parties involved in a real estate transaction. This agreement is commonly used in the state of New York and plays a crucial role in ensuring fairness and transparency in property dealings. Under the Kings New York Right of First Refusal clause, one party (typically a tenant or a joint owner) is granted the first opportunity to purchase a property before the owner considers selling it to a third party. This right allows the eligible party to match any offer received by the owner and acquire the property under the same terms and conditions. Additionally, the Co-Sale Agreement aspect of the agreement governs the sale and transfer of ownership interests in a jointly owned property. It outlines the process and terms for selling a portion of the property's ownership to a third party or other co-owners. This provision ensures that all owners have the opportunity to share in the proceeds of a sale and maintain proportionate ownership interests. There are a few different types of Kings New York Right of First Refusal and Co-Sale Agreements that can be tailored to meet specific needs: 1. Residential Property Agreement: This type of agreement is commonly used in residential real estate transactions, such as condominiums, apartments, or houses. It protects the rights of tenants or co-owners and provides them with the opportunity to purchase the property before it is sold to an outside party. 2. Commercial Property Agreement: For commercial properties, this agreement is crucial in protecting the interests of business tenants or co-owners. It ensures that they have a fair chance to acquire the property if the owner decides to sell it, maintaining stability and continuity for their business operations. 3. Investment Property Agreement: In the case of investment properties, this agreement can be used between multiple investors or partners involved in the property. It facilitates the smooth sale or transfer of ownership interests in these properties, protecting the value of the investment and minimizing conflicts between the parties. In conclusion, Kings New York Right of First Refusal and Co-Sale Agreement is a comprehensive legal tool used in real estate transactions in New York. It safeguards the interests of tenants, co-owners, and investors, allowing them to exercise their rights and maintain control over property transfers. It provides opportunities for fair negotiations, transparent procedures, and ensures the smooth functioning of real estate transactions.
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.
