Right of First Refusal to Purchase

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This Right of First Refusal to Purchase gives an individual the first right to buy an item if the seller receives another offer. This document can easily be tailored to fit your unique needs.

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This Right of First Refusal to Purchase is between the owner of goods and an individual who desires to purchase the item. This agreement sets forth the owner's right to sale the item after it has given the purchaser the first right to refuse. It also sets out the specific terms including a description of the goods being sold and that once an offer is received, the purchaser has a set amount of days in which to purchase the property. It is important that this agreement be set out in writing and not via oral agreement. A written Right of First Refusal to Purchase will be beneficial in the event the seller receives an offer from an individual other than the purchaser who has signed this agreement.

This Right of First Refusal to Purchase contains the following:
  • Parties: Sets forth the names and addresses of the seller (person granting the right) and purchaser (person receiving the right of first refusal);
  • Property to be Sold: Detailed description of the goods or item to be sold which the purchaser desires to buy;
  • Offer/Deadline: Sets out that seller will provide purchaser with other offers to purchase and purchaser has a set number of days from receipt in which to purchase the item;
  • Signatures: This agreement must be signed by both seller and purchaser in the presence of witnesses.

Protect your rights and your property by using our attorney-prepared forms.

This attorney-prepared packet contains:
  1. General Instructions
  2. Right of First Refusal to Purchase
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Right of First Refusal to Purchase

 

 
 
THIS AGREEMENT made as of Date of Signing of Agreement between Name of Person Granting Right of First Refusal, of Address of Person Granting Right of First Refusal (the “Owner”) and Name of Person Receiving Right of First Refusal, of Address of Person Receiving Right of First Refusal (the “Grantee”).
 
 
IN CONSIDERATION of the payment by the Grantee to the Owner of the sum of two dollars ($2.00) and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
 
1.   In the event that the Owner receives an offer (the “Offer”) from any person to purchase the Describe subject matter of Right of First Refusal (ie. Owner's Antique 9' by 12' Kashan Oriental Carpet) (the "Offered Goods") which the Owner is prepared to accept, then the Owner shall forthwith send to the Grantee notice in writing of its desire or intention to sell the Offered Goods accompanied by a copy of the Offer.
 
2.   Upon receipt of notice in accordance with paragraph 1, the Grantee shall have fifteen (15) days from the date of receipt within which to give the Owner notice (the “Intent to Buy”) that it desires and agrees to so purchase the Offered Goods on the same terms and conditions as are contained in the Offer, provided that:
 
(a)   if the Grantee shall have given an Intent to Buy, the Grantee shall purchase Offered Goods referred to in the Offer;
 
(b)   if the Grantee shall not have given an Intent to Buy within the time provided, then the Grantee shall be deemed for all purposes to have refused to purchase the Offered Goods; and
 
(c)   In the event that each Grantee elects not to purchase or is deemed to have refused to purchase the Offered Goods, then the Owner may accept the Offer and proceed to sell the Offered Goods, but only at the price and on and in accordance with the terms and conditions contained in the Offer provided that, if the transaction contemplated by the Offer is not completed within a period of twenty-one (21) days after the expiration of the last day upon which the Grantee has the right to give an Intent to Buy, then the Owner shall not thereafter sell the Offered Goods unless and until it again complies with the provisions of this Agreement.
 
3.   Any transaction between the Owner and the Grantee effected pursuant to the provisions of this Agreement shall be completed not later than the fifteenth (15th) day after which the Grantee has become obligated to purchase the Offered Goods.
 
4.   The rights granted to the Grantee under this Agreement are personal to the Grantee. Accordingly, the Grantee may not sell, assign or otherwise transfer any of its rights under this Agreement without the prior written consent of the Owner, which consent may be unreasonably or arbitrarily withheld.
 
5.   This Agreement expresses the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, whether written or oral, between the parties respecting the subject matter hereof.
 
6.   This Agreement shall be binding upon the parties hereto and their respective heirs, executors, administrators and successors and permitted assigns.
 
7.   This Agreement shall be governed by and construed in accordance with the laws of the State of State of Optionor (ie. Washington).
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
 
 
 
 
Witness
 
Name of Person Granting Right of First Refusal
 
 
 
 
Witness
 
Name of Person Receiving Right of First Refusal
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28850
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Right of First Refusal to Purchase

 

 
 
THIS AGREEMENT made as of Date of Signing of Agreement between Name of Person Granting Right of First Refusal, of Address of Person Granting Right of First Refusal (the “Owner”) and Name of Person Receiving Right of First Refusal, of Address of Person Receiving Right of First Refusal (the “Grantee”).
 
 
IN CONSIDERATION of the payment by the Grantee to the Owner of the sum of two dollars ($2.00) and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
 
1.   In the event that the Owner receives an offer (the “Offer”) from any person to purchase the Describe subject matter of Right of First Refusal (ie. Owner's Antique 9' by 12' Kashan Oriental Carpet) (the "Offered Goods") which the Owner is prepared to accept, then the Owner shall forthwith send to the Grantee notice in writing of its desire or intention to sell the Offered Goods accompanied by a copy of the Offer.
 
2.   Upon receipt of notice in accordance with paragraph 1, the Grantee shall have fifteen (15) days from the date of receipt within which to give the Owner notice (the “Intent to Buy”) that it desires and agrees to so purchase the Offered Goods on the same terms and conditions as are contained in the Offer, provided that:
 
(a)   if the Grantee shall have given an Intent to Buy, the Grantee shall purchase Offered Goods referred to in the Offer;
 
(b)   if the Grantee shall not have given an Intent to Buy within the time provided, then the Grantee shall be deemed for all purposes to have refused to purchase the Offered Goods; and
 
(c)   In the event that each Grantee elects not to purchase or is deemed to have refused to purchase the Offered Goods, then the Owner may accept the Offer and proceed to sell the Offered Goods, but only at the price and on and in accordance with the terms and conditions contained in the Offer provided that, if the transaction contemplated by the Offer is not completed within a period of twenty-one (21) days after the expiration of the last day upon which the Grantee has the right to give an Intent to Buy, then the Owner shall not thereafter sell the Offered Goods unless and until it again complies with the provisions of this Agreement.
 
3.   Any transaction between the Owner and the Grantee effected pursuant to the provisions of this Agreement shall be completed not later than the fifteenth (15th) day after which the Grantee has become obligated to purchase the Offered Goods.
 
4.   The rights granted to the Grantee under this Agreement are personal to the Grantee. Accordingly, the Grantee may not sell, assign or otherwise transfer any of its rights under this Agreement without the prior written consent of the Owner, which consent may be unreasonably or arbitrarily withheld.
 
5.   This Agreement expresses the entire agreement between the parties concerning the subject matter hereof and supersedes all previous agreements, whether written or oral, between the parties respecting the subject matter hereof.
 
6.   This Agreement shall be binding upon the parties hereto and their respective heirs, executors, administrators and successors and permitted assigns.
 
7.   This Agreement shall be governed by and construed in accordance with the laws of the State of State of Optionor (ie. Washington).
 
IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.
 
 
 
 
 
Witness
 
Name of Person Granting Right of First Refusal
 
 
 
 
Witness
 
Name of Person Receiving Right of First Refusal
 

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