{"iri":"http://lmss.sali.org/RDYRWCSnEAUwPAZRo9iS6RV","id":"RDYRWCSnEAUwPAZRo9iS6RV","label":"Right of First Refusal Agreement","definition":"A Right of First Refusal Agreement (ROFR) is a legal contract that grants a specified party the priority to purchase a particular asset before the owner is allowed to sell the asset to others. This agreement is often utilized in business ventures and real estate transactions to give existing stakeholders a chance to maintain their stake in the face of potential external interest.","prefLabels":[],"altLabels":["First Refusal Agreement","Pre-emption Agreement","ROFR","ROFR Agreement"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RDt4vQCYDfY0R9fZ5FNnTbj","label":"Document / Artifact"},"parents":[{"iri":"http://lmss.sali.org/R7cIHUn7gvxaOltKIfA7Qta","id":"R7cIHUn7gvxaOltKIfA7Qta","label":"Security Agreement"},{"iri":"http://lmss.sali.org/RCAIUgUHLdwFdtdPTruyEgL","id":"RCAIUgUHLdwFdtdPTruyEgL","label":"Venture Capital Financing Documents"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RDYRWCSnEAUwPAZRo9iS6RV/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}