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Tuesday, December 18, 2018, 1:00-2:00pm

Rights of first refusal and rights of first offer are frequently used in commercial real estate transactions, establishing rights to acquire property from a seller before it hits the market.

The practical effect of these tools is often to exert downward pressure on the price of the property and hamper development of a third-party market. Rights of first refusal can help hasten a deal among buyers and sellers or landlords and tenants, thereby reducing costs, or they can be a costly waste of time. There are many subtle differences between rights of first refusal and rights of first offer, each with subtle tradeoffs for counter-parties that must be considered in context of a particular transaction.

This program provides a practical guide to drafting rights of first refusal and rights of first offer, their practical consequences later in a transaction, and negotiating strategies for buyers and sellers, landlords and tenants.

  • How rights of first refusal and rights of first offer work in real estate transactions
  • Real-world costs, tradeoffs and risks of each type of right – and drafting tips and traps
  • Best circumstances in which these mechanisms are used in property acquisitions, sales, and leasing
  • How rights of refusal depress prices & limiting third party interest in the property – and how to mitigate
  • Practical strategies for buyers and sellers, landlords and tenants when negotiating these rights

Click on the "In Depth" tab for tuition and speaker information.

Web Event Information
Start Time:
December 18, 2018 1:00 PM Eastern
12:00 PM Central, 11:00 AM Mountain, 10:00 AM Pacific
Add to Calendar:
Estimated Length:
1 hour
Registration Time Remaining:
8 days, 11 hours
Registration Fee:
Rights of First Offer, First Refusal in Real Estate | Phone/Audio Streaming

All Attendees: $80

Early discount and CLE Premier Pass rates are not available for this program. 

Speaker Information
John S Hollyfield   [ view bio ]
Individual topic purchase: Selected
NC State Bar
Mandatory Continuing Legal Education (MCLE) and Certified Paralegal Education (CPE) (Total): 1.00
CLE Premier Pass
PHONE/AUDIO STREAMING Tuesday, December 18, 2018 | #765T12
NCBA Price:$0.00