Understanding and Enforcing Preferential Purchase Rights: ROFOs, ROFRs, and Options to Purchase

This CLE course provides an in-depth examination of preferential purchase rights in business “buy/sell” and shareholder/member agreements and commercial real estate, focusing on rights of first refusal (ROFR), rights of first offer (ROFO), and options to purchase. Through detailed analysis and practical guidance, the program explores the distinct legal characteristics of each right, common pitfalls in their drafting and enforcement, and the implications they have on business ownership and property transfers, financing, and dispute resolution. Attendees will gain actionable strategies for drafting clear, enforceable provisions that minimize risk and align with client objectives, as well as insights into valuation mechanisms,…