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.
Wake North Carolina Right of First Refusal and Co-Sale Agreement is a legal document that grants specific rights to the parties involved in a property transaction. It serves to safeguard the interests of both buyers and sellers and ensures fair dealings. A Right of First Refusal (ROAR) clause in the agreement grants a specified party the option to purchase a property before the seller seeks other buyers. This clause prevents the seller from accepting a better offer from a different buyer without giving the holder of the ROAR the opportunity to match or exceed it. The purpose of the ROAR is to protect the holder's interests and provide a fair chance to acquire the property. In Wake North Carolina, there are several types of Right of First Refusal and Co-Sale Agreements, including: 1. Commercial Property ROAR: This agreement applies to commercial properties such as office buildings, retail spaces, or industrial facilities. It protects the rights of tenants or business partners who may have an interest in acquiring the property in the future. 2. Residential Property ROAR: This agreement encompasses residential properties and applies to situations where homeowners associations or current tenants have certain rights to purchase the property at a later date. 3. Co-Sale Agreement: In addition to the ROAR, a Co-Sale Agreement is often included in Wake North Carolina property transactions. This clause provides protection to existing owners or investors by granting them the opportunity to sell their share of ownership if another shareholder decides to sell their portion. 4. Land Development ROAR: This type of agreement is commonly used in Wake North Carolina for land development projects. It allows neighboring landowners or investors to have the first opportunity to participate in the development or purchase of adjacent land. By including a Wake North Carolina Right of First Refusal and Co-Sale Agreement in a property transaction, all parties involved can enjoy a level of assurance, transparency, and protection in their dealings. It allows for fair negotiations and ensures that every opportunity to acquire the property is given to those who hold the rights stipulated in the agreement.Wake North Carolina Right of First Refusal and Co-Sale Agreement is a legal document that grants specific rights to the parties involved in a property transaction. It serves to safeguard the interests of both buyers and sellers and ensures fair dealings. A Right of First Refusal (ROAR) clause in the agreement grants a specified party the option to purchase a property before the seller seeks other buyers. This clause prevents the seller from accepting a better offer from a different buyer without giving the holder of the ROAR the opportunity to match or exceed it. The purpose of the ROAR is to protect the holder's interests and provide a fair chance to acquire the property. In Wake North Carolina, there are several types of Right of First Refusal and Co-Sale Agreements, including: 1. Commercial Property ROAR: This agreement applies to commercial properties such as office buildings, retail spaces, or industrial facilities. It protects the rights of tenants or business partners who may have an interest in acquiring the property in the future. 2. Residential Property ROAR: This agreement encompasses residential properties and applies to situations where homeowners associations or current tenants have certain rights to purchase the property at a later date. 3. Co-Sale Agreement: In addition to the ROAR, a Co-Sale Agreement is often included in Wake North Carolina property transactions. This clause provides protection to existing owners or investors by granting them the opportunity to sell their share of ownership if another shareholder decides to sell their portion. 4. Land Development ROAR: This type of agreement is commonly used in Wake North Carolina for land development projects. It allows neighboring landowners or investors to have the first opportunity to participate in the development or purchase of adjacent land. By including a Wake North Carolina Right of First Refusal and Co-Sale Agreement in a property transaction, all parties involved can enjoy a level of assurance, transparency, and protection in their dealings. It allows for fair negotiations and ensures that every opportunity to acquire the property is given to those who hold the rights stipulated in the agreement.
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.
