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.
Los Angeles California Right of First Refusal (ROAR) and Co-Sale Agreement are legal provisions commonly incorporated into contracts or agreements involving the purchase or sale of real estate, businesses, or shares of a company in the Los Angeles area. These clauses are designed to protect the interests of the parties involved in the transaction and provide them with certain rights and obligations. The Right of First Refusal (ROAR) is a provision that grants an individual or entity the first opportunity to purchase a particular property or asset before the seller can consider any other offers. In Los Angeles, there are different types of ROAR agreements that can be categorized based on their application: 1. Real Estate ROAR: This type of ROAR is often seen in residential or commercial real estate transactions in Los Angeles. It enables a tenant or an adjacent landowner to have the first opportunity to purchase a property before the owner decides to sell it to any other party. 2. Co-Sale Agreement: A Co-Sale Agreement, also known as a Tag-Along or Piggyback Agreement, is a provision that allows minority shareholders or partners in a company to participate in a sale transaction on the same terms and conditions as majority shareholders. In Los Angeles, this agreement is commonly utilized in the sale of privately held businesses. Los Angeles is a vibrant and diverse city known for its booming real estate market and entrepreneurial spirit. Therefore, it is crucial for individuals and entities involved in property or business transactions to understand and include these agreements in their contracts to safeguard their interests. When drafting or negotiating a Right of First Refusal and Co-Sale Agreement in Los Angeles, several essential elements should be considered. These may include the identification of the parties involved, the description of the property or shares subject to the agreement, the terms and conditions triggering the exercise of the right of first refusal, the procedure to follow when exercising the right, the timeframe for response, the purchase price or valuation method, and any restrictions or limitations. In conclusion, Los Angeles California Right of First Refusal and Co-Sale Agreements serve as protective measures that grant certain individuals or entities the first opportunity to purchase a property or participate in a sale transaction. These agreements help ensure fair and transparent dealings in the dynamic real estate and business landscape of Los Angeles.Los Angeles California Right of First Refusal (ROAR) and Co-Sale Agreement are legal provisions commonly incorporated into contracts or agreements involving the purchase or sale of real estate, businesses, or shares of a company in the Los Angeles area. These clauses are designed to protect the interests of the parties involved in the transaction and provide them with certain rights and obligations. The Right of First Refusal (ROAR) is a provision that grants an individual or entity the first opportunity to purchase a particular property or asset before the seller can consider any other offers. In Los Angeles, there are different types of ROAR agreements that can be categorized based on their application: 1. Real Estate ROAR: This type of ROAR is often seen in residential or commercial real estate transactions in Los Angeles. It enables a tenant or an adjacent landowner to have the first opportunity to purchase a property before the owner decides to sell it to any other party. 2. Co-Sale Agreement: A Co-Sale Agreement, also known as a Tag-Along or Piggyback Agreement, is a provision that allows minority shareholders or partners in a company to participate in a sale transaction on the same terms and conditions as majority shareholders. In Los Angeles, this agreement is commonly utilized in the sale of privately held businesses. Los Angeles is a vibrant and diverse city known for its booming real estate market and entrepreneurial spirit. Therefore, it is crucial for individuals and entities involved in property or business transactions to understand and include these agreements in their contracts to safeguard their interests. When drafting or negotiating a Right of First Refusal and Co-Sale Agreement in Los Angeles, several essential elements should be considered. These may include the identification of the parties involved, the description of the property or shares subject to the agreement, the terms and conditions triggering the exercise of the right of first refusal, the procedure to follow when exercising the right, the timeframe for response, the purchase price or valuation method, and any restrictions or limitations. In conclusion, Los Angeles California Right of First Refusal and Co-Sale Agreements serve as protective measures that grant certain individuals or entities the first opportunity to purchase a property or participate in a sale transaction. These agreements help ensure fair and transparent dealings in the dynamic real estate and business landscape of Los Angeles.
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.
