Vermont Right of First Refusal Clause

• Category: Leases - Contracts
• State: Multi-State
• Control #: US-CL-640-1
• Format: Word; Rich Text

Description

Example of a clause regarding and surrounding the topic of Right of First Refusal by Tenant. Rights of first refusal clauses are similar to options contracts as the holder has the right, but not the obligation, to enter into a transaction that generally involves an asset. The person with this right has the opportunity to establish a contract or an agreement on an asset before others can.