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.
Fulton Georgia Right of First Refusal and Co-Sale Agreement refers to a legal arrangement commonly used in commercial real estate transactions in Fulton County, Georgia. This agreement outlines specific rights and provisions granted to certain parties involved in the sale or transfer of property interests. The Right of First Refusal enables a pre-existing party, such as a tenant or an adjacent property owner, to have the first opportunity to purchase the property before it is sold to a third party. This right ensures that the interested party has a chance to match any offers received and purchase the property on the same terms and conditions. It provides a measure of security and control over the property's future ownership. Additionally, the Co-Sale Agreement, also known as a tag-along or piggyback right, typically applies to minority shareholders or investors in a company. This clause grants these stakeholders the right to sell their shares alongside the majority or controlling shareholders if the latter decides to sell their shares to a third party. The Co-Sale Agreement aims to prevent minority shareholders from being left with illiquid or less valuable shares while the majority shareholders profit from the sale. In Fulton Georgia, there may be various types of Right of First Refusal and Co-Sale Agreements, depending on the specific circumstances and parties involved. These agreements could vary in terms of the properties covered, the duration of the right, how the purchase price is determined, and the conditions triggering the exercise of the right or co-sale provision. It is crucial for individuals, businesses, and investors engaged in real estate transactions or share ownership in companies within Fulton County, Georgia, to thoroughly understand the nuances of the Fulton Georgia Right of First Refusal and Co-Sale Agreement. Consulting with legal professionals experienced in Fulton County real estate and corporate law is highly recommended ensuring compliance and protection of rights and interests.Fulton Georgia Right of First Refusal and Co-Sale Agreement refers to a legal arrangement commonly used in commercial real estate transactions in Fulton County, Georgia. This agreement outlines specific rights and provisions granted to certain parties involved in the sale or transfer of property interests. The Right of First Refusal enables a pre-existing party, such as a tenant or an adjacent property owner, to have the first opportunity to purchase the property before it is sold to a third party. This right ensures that the interested party has a chance to match any offers received and purchase the property on the same terms and conditions. It provides a measure of security and control over the property's future ownership. Additionally, the Co-Sale Agreement, also known as a tag-along or piggyback right, typically applies to minority shareholders or investors in a company. This clause grants these stakeholders the right to sell their shares alongside the majority or controlling shareholders if the latter decides to sell their shares to a third party. The Co-Sale Agreement aims to prevent minority shareholders from being left with illiquid or less valuable shares while the majority shareholders profit from the sale. In Fulton Georgia, there may be various types of Right of First Refusal and Co-Sale Agreements, depending on the specific circumstances and parties involved. These agreements could vary in terms of the properties covered, the duration of the right, how the purchase price is determined, and the conditions triggering the exercise of the right or co-sale provision. It is crucial for individuals, businesses, and investors engaged in real estate transactions or share ownership in companies within Fulton County, Georgia, to thoroughly understand the nuances of the Fulton Georgia Right of First Refusal and Co-Sale Agreement. Consulting with legal professionals experienced in Fulton County real estate and corporate law is highly recommended ensuring compliance and protection of rights and interests.
