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.
Miami-Dade County, located in the state of Florida, implements Right of First Refusal (ROAR) and Co-Sale Agreements as essential legal mechanisms governing real estate transactions. These agreements aim to provide certain individuals or entities with the opportunity to purchase a property before it is offered to others, therefore ensuring fair and orderly sales. The Miami-Dade Florida Right of First Refusal (ROAR) Agreement grants a specific person or group the exclusive right to match or better any legitimate offer made by a prospective buyer for a particular property. This privilege allows the holder to purchase the property at the specified terms and conditions, effectively taking precedence over other interested parties. This agreement is especially beneficial for individuals or organizations seeking to maintain control or preference over specific properties within Miami-Dade County. Furthermore, Miami-Dade County also enforces the Co-Sale Agreement, also known as the Right of Co-Sale Agreement. This provision grants co-owners of a particular property the right to sell their respective shares, should one owner decide to sell their portion. In such cases, the remaining co-owners possess the option to sell their interests either individually or collectively, ensuring that they can capitalize on potential opportunities arising from the sale. These agreements often materialize in various forms to suit the specific needs of the parties involved. Some notable types of Miami-Dade Florida Right of First Refusal and Co-Sale Agreements include: 1. Individual Property ROAR Agreement: This variant of the ROAR agreement grants a specific individual the right to purchase a property before it can be sold to others. 2. Corporate ROAR Agreement: In this instance, a company or corporation is given the right of first refusal to acquire a property. This type of agreement is common when businesses desire to expand their real estate portfolios within Miami-Dade County. 3. Mutual Co-Sale Agreement: This agreement is typically utilized when there are multiple co-owners of a property. It confirms that if one owner receives a legitimate offer to purchase their share, the other co-owners will have the right to sell their portions as well. 4. Sequential Co-Sale Agreement: In this type of Co-Sale Agreement, co-owners are given the right to sell their portions of the property in a predefined order. This ensures that each co-owner receives their fair share of proceeds from the sale. 5. Fractional Co-Sale Agreement: This agreement is often utilized in shared ownership arrangements, allowing parties to sell their fractional interests independently or as a group, ensuring flexibility and efficiency in the sale process. By implementing these Right of First Refusal and Co-Sale Agreements, Miami-Dade County effectively manages property transactions, providing equitable opportunities for interested individuals or entities to acquire properties within the region while avoiding potential disputes or conflicting offers.Miami-Dade County, located in the state of Florida, implements Right of First Refusal (ROAR) and Co-Sale Agreements as essential legal mechanisms governing real estate transactions. These agreements aim to provide certain individuals or entities with the opportunity to purchase a property before it is offered to others, therefore ensuring fair and orderly sales. The Miami-Dade Florida Right of First Refusal (ROAR) Agreement grants a specific person or group the exclusive right to match or better any legitimate offer made by a prospective buyer for a particular property. This privilege allows the holder to purchase the property at the specified terms and conditions, effectively taking precedence over other interested parties. This agreement is especially beneficial for individuals or organizations seeking to maintain control or preference over specific properties within Miami-Dade County. Furthermore, Miami-Dade County also enforces the Co-Sale Agreement, also known as the Right of Co-Sale Agreement. This provision grants co-owners of a particular property the right to sell their respective shares, should one owner decide to sell their portion. In such cases, the remaining co-owners possess the option to sell their interests either individually or collectively, ensuring that they can capitalize on potential opportunities arising from the sale. These agreements often materialize in various forms to suit the specific needs of the parties involved. Some notable types of Miami-Dade Florida Right of First Refusal and Co-Sale Agreements include: 1. Individual Property ROAR Agreement: This variant of the ROAR agreement grants a specific individual the right to purchase a property before it can be sold to others. 2. Corporate ROAR Agreement: In this instance, a company or corporation is given the right of first refusal to acquire a property. This type of agreement is common when businesses desire to expand their real estate portfolios within Miami-Dade County. 3. Mutual Co-Sale Agreement: This agreement is typically utilized when there are multiple co-owners of a property. It confirms that if one owner receives a legitimate offer to purchase their share, the other co-owners will have the right to sell their portions as well. 4. Sequential Co-Sale Agreement: In this type of Co-Sale Agreement, co-owners are given the right to sell their portions of the property in a predefined order. This ensures that each co-owner receives their fair share of proceeds from the sale. 5. Fractional Co-Sale Agreement: This agreement is often utilized in shared ownership arrangements, allowing parties to sell their fractional interests independently or as a group, ensuring flexibility and efficiency in the sale process. By implementing these Right of First Refusal and Co-Sale Agreements, Miami-Dade County effectively manages property transactions, providing equitable opportunities for interested individuals or entities to acquire properties within the region while avoiding potential disputes or conflicting offers.
