Common use of First Right of Refusal Clause in Contracts

First Right of Refusal. If any Partner shall enter into an agreement to sell their ownership interest in the Partnership with an individual or entity that is not a current Partner, the following parties must be given a first right of refusal before such a transaction can take place:

First Right of Refusal. If any Partner shall enter into an agreement to sell their ownership interest in the Partnership with an individual or entity that is not a current Partner, the following parties must be given a first right of refusal before such a transaction can take place:: Partnership. The Partnership shall be given [#] days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

First Right of Refusal. If any Partner shall enter into an agreement to sell their ownership interest in the Partnership with an individual or entity that is not a current Partner, the following parties must be given a first right of refusal before such a transaction can take place:: Partnership. The Partnership shall be given 90 days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.