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Right of First Offer Agreement Template

Right of First Offer Agreement Template 2025

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The Right of First Offer Agreement outlines the terms under which a Seller grants a Buyer the right to be notified and make an offer on certain assets before the Seller can sell them to third parties. It includes definitions, processes for exercising this right, obligations of both parties, exclusions, and provisions for termination, representations, indemnification, governing law, and miscellaneous clauses. The agreement aims to ensure that the Buyer has the first opportunity to purchase the specified assets.

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