First Right Of Refusal In Custody

• Category: Corporations - Public
• State: Multi-State
• City: Houston
• 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. The Right of First Refusal Agreement is a legal document commonly used in Houston, Texas. This agreement grants a specific individual or entity the opportunity to enter into a transaction before it is offered to others. In essence, it gives the right holder the first chance to purchase a property or asset before the owner can sell or lease it to someone else. The Houston Right of First Refusal Agreement typically outlines certain terms and conditions, such as the specific property or asset subject to the agreement, the duration of the right, and the process by which the right holder can exercise their option to purchase. This agreement aims to protect the right holder's interest in a property and ensure they have an opportunity to acquire it on favorable terms in the event the owner decides to sell. There are various types of Right of First Refusal Agreements that are commonly used in Houston, Texas. These include: 1. Real Estate Right of First Refusal Agreement: This agreement is used for properties, including residential, commercial, or undeveloped land. It gives the right holder the first opportunity to purchase the property in question when the owner intends to sell it. 2. Business Right of First Refusal Agreement: This type of agreement applies to businesses or business assets, such as shares or intellectual property rights. It grants the right holder the first option to acquire the business or particular assets before they are sold to a third party. 3. Lease Right of First Refusal Agreement: In the case of lease agreements, this type of agreement grants the tenant the right to match any offer or proposed terms of a third party who wants to lease the same property. It allows the tenant to retain their tenancy rights and prevents the owner from leasing the property to someone else without giving the tenant a chance to continue leasing it. 4. Co-ownership Right of First Refusal Agreement: This agreement is used when multiple parties co-own a property, and one party decides to sell their share. It offers the remaining co-owners the first opportunity to purchase the selling party's share before it is offered to outsiders. In summary, the Right of First Refusal Agreement is a crucial legal tool used in Houston, Texas, to protect the rights of specific individuals or entities when it comes to purchasing properties, businesses, leases, or co-owned assets. These agreements ensure that the right holder has the first chance to acquire the specified asset before it is offered to others.

The Right of First Refusal Agreement is a legal document commonly used in Houston, Texas. This agreement grants a specific individual or entity the opportunity to enter into a transaction before it is offered to others. In essence, it gives the right holder the first chance to purchase a property or asset before the owner can sell or lease it to someone else. The Houston Right of First Refusal Agreement typically outlines certain terms and conditions, such as the specific property or asset subject to the agreement, the duration of the right, and the process by which the right holder can exercise their option to purchase. This agreement aims to protect the right holder's interest in a property and ensure they have an opportunity to acquire it on favorable terms in the event the owner decides to sell. There are various types of Right of First Refusal Agreements that are commonly used in Houston, Texas. These include: 1. Real Estate Right of First Refusal Agreement: This agreement is used for properties, including residential, commercial, or undeveloped land. It gives the right holder the first opportunity to purchase the property in question when the owner intends to sell it. 2. Business Right of First Refusal Agreement: This type of agreement applies to businesses or business assets, such as shares or intellectual property rights. It grants the right holder the first option to acquire the business or particular assets before they are sold to a third party. 3. Lease Right of First Refusal Agreement: In the case of lease agreements, this type of agreement grants the tenant the right to match any offer or proposed terms of a third party who wants to lease the same property. It allows the tenant to retain their tenancy rights and prevents the owner from leasing the property to someone else without giving the tenant a chance to continue leasing it. 4. Co-ownership Right of First Refusal Agreement: This agreement is used when multiple parties co-own a property, and one party decides to sell their share. It offers the remaining co-owners the first opportunity to purchase the selling party's share before it is offered to outsiders. In summary, the Right of First Refusal Agreement is a crucial legal tool used in Houston, Texas, to protect the rights of specific individuals or entities when it comes to purchasing properties, businesses, leases, or co-owned assets. These agreements ensure that the right holder has the first chance to acquire the specified asset before it is offered to others.