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Right Of First Refusal Agreement
"I need a Right of First Refusal Agreement under Singapore law for my commercial property at 123 Orchard Road, giving my current tenant the first right to purchase the property if I decide to sell within the next 5 years starting from January 2025."
1. Parties: Identifies and defines the contracting parties
2. Background: Sets out the context and purpose of the ROFR agreement
3. Definitions: Defines key terms used tHRoughout the agreement
4. Grant of ROFR: Core provision establishing the right of first refusal
5. ROFR Process: Details the procedure for exercising the ROFR
6. Duration: Specifies the term of the ROFR
7. Governing Law: Specifies Singapore law as governing law
1. Asset Description: Detailed description of the asset subject to ROFR - use when the ROFR relates to specific assets
2. Consideration: Payment terms for the ROFR - use when there is a fee for granting the ROFR
3. Assignment: Rights to transfer the ROFR to other parties - use when transfer rights are relevant
4. Confidentiality: Obligations to keep information confidential - use when sensitive information is involved
1. Asset Schedule: Detailed description of assets subject to ROFR
2. ROFR Notice Format: Template for notices related to exercising the ROFR
3. Pricing Mechanism: Details of how price will be determined when ROFR is exercised
4. Permitted Transferees: List of entities to whom ROFR rights may be assigned
Authors
Applicable Law
Business Day
Commencement Date
Confidential Information
Exercise Notice
Exercise Period
Fair Market Value
Grantor
Holder
Notice Period
Offer Notice
Offer Price
Permitted Transfer
Property
ROFR
ROFR Asset
ROFR Notice
ROFR Period
ROFR Price
Singapore Dollars
Subject Asset
Term
Third Party
Third Party Offer
Transfer
Valuation
Working Day
Grant of ROFR
Scope of ROFR
Exercise Procedure
Notice Requirements
Pricing Mechanism
Duration and Term
Transfer Restrictions
Permitted Transfers
Confidentiality
Assignment
Representations and Warranties
Termination
Force Majeure
Notices
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Waiver
Costs and Expenses
Third Party Rights
Counterparts
Time of Essence
Further Assurance
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