Chicago Illinois Right of First Refusal Agreement

• Category: Corporations - Public
• State: Multi-State
• City: Chicago
• Control #: US-EG-9350
• Format: Word; Rich Text

Description

Amended and Restated Right of First Refusal Agreement between BirthdayExpress.Com, Inc. and investors regarding transactions by investors dated July 21, 1999. 9 pages. Chicago Illinois Right of First Refusal Agreement is a legal document that grants an individual or entity the first opportunity to purchase a property before it is sold to another interested party. This agreement is commonly used in real estate transactions and provides certain rights and protections for the party granted the right of first refusal. Keywords: Chicago Illinois, Right of First Refusal Agreement, legal document, purchase property, real estate transactions, rights, protections. There are several types of Right of First Refusal Agreements in Chicago, Illinois: 1. Residential Property Right of First Refusal Agreement: This type of agreement is specific to residential properties, such as single-family homes or condominiums. It ensures that the party with the right of first refusal has the initial chance to purchase the property when the owner decides to sell. 2. Commercial Property Right of First Refusal Agreement: This agreement is applicable to commercial properties, including office buildings, retail spaces, or industrial sites. It grants the specified party the opportunity to buy the property before it is offered to the public or other interested buyers. 3. Lease Right of First Refusal Agreement: This type of agreement is typically employed in rental properties. It provides the tenant with the option to purchase the leased property if the landlord decides to sell it. 4. Land Right of First Refusal Agreement: This agreement pertains to vacant land or undeveloped properties. It ensures that the interested party with the right of first refusal has priority in acquiring the land if the owner intends to sell. 5. Co-operative Right of First Refusal Agreement: In the case of co-operative housing, where residents own shares in a cooperative corporation instead of owning individual units, this agreement allows existing shareholders to exercise the right of first refusal when another shareholder decides to sell their shares. In conclusion, a Chicago Illinois Right of First Refusal Agreement is a legally binding document used in various property-related transactions. It grants the specified party the first opportunity to purchase the property and provides specific rights and protections throughout the process. Keywords: Chicago Illinois, Right of First Refusal Agreement, residential property, commercial property, lease, land, co-operative housing.

Chicago Illinois Right of First Refusal Agreement is a legal document that grants an individual or entity the first opportunity to purchase a property before it is sold to another interested party. This agreement is commonly used in real estate transactions and provides certain rights and protections for the party granted the right of first refusal. Keywords: Chicago Illinois, Right of First Refusal Agreement, legal document, purchase property, real estate transactions, rights, protections. There are several types of Right of First Refusal Agreements in Chicago, Illinois: 1. Residential Property Right of First Refusal Agreement: This type of agreement is specific to residential properties, such as single-family homes or condominiums. It ensures that the party with the right of first refusal has the initial chance to purchase the property when the owner decides to sell. 2. Commercial Property Right of First Refusal Agreement: This agreement is applicable to commercial properties, including office buildings, retail spaces, or industrial sites. It grants the specified party the opportunity to buy the property before it is offered to the public or other interested buyers. 3. Lease Right of First Refusal Agreement: This type of agreement is typically employed in rental properties. It provides the tenant with the option to purchase the leased property if the landlord decides to sell it. 4. Land Right of First Refusal Agreement: This agreement pertains to vacant land or undeveloped properties. It ensures that the interested party with the right of first refusal has priority in acquiring the land if the owner intends to sell. 5. Co-operative Right of First Refusal Agreement: In the case of co-operative housing, where residents own shares in a cooperative corporation instead of owning individual units, this agreement allows existing shareholders to exercise the right of first refusal when another shareholder decides to sell their shares. In conclusion, a Chicago Illinois Right of First Refusal Agreement is a legally binding document used in various property-related transactions. It grants the specified party the first opportunity to purchase the property and provides specific rights and protections throughout the process. Keywords: Chicago Illinois, Right of First Refusal Agreement, residential property, commercial property, lease, land, co-operative housing.