Of all the drafting problems in-house counsel face, preparing a right of first refusal (ROFR) clause may seem low risk. Behind its seeming straightforwardness, however, lurk key questions that -- if not conscientiously addressed in the drafting process -- could lead you and your client to costly and time-consuming litigation.
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The information in any resource collected in this virtual library should not be construed as legal advice or legal opinion on specific facts and should not be considered representative of the views of its authors, its sponsors, and/or ACC. These resources are not intended as a definitive statement on the subject addressed. Rather, they are intended to serve as a tool providing practical advice and references for the busy in-house practitioner and other readers.