Legislators seem to like rights of first refusal, but they may cause more complexity and burdens than they're worth. Rental apartment buildings are bought and sold regularly. To try to promote ...

The right of first refusal in real estate refers to a certain person having the right to purchase real estate for sale before it's offered to other buyers. A first right of refusal clause might be ...

Q: My agency is a member of a franchise or consortium organization. The organization recently reminded me that, in our contract, it has a right of first refusal in case we want to sell our agency to ...

Jeffrey B. Steiner and Scott A. Weinberg[/caption] Among the responsibilities falling to a lender’s counsel during the origination of a mortgage loan is the performance of appropriate due diligence to ...

Winning a federal contract can be a boon for your small business, but, as with anything involving the federal government, unique regulations will apply to your contract. One of these is the right of ...

A right of first refusal is a contractual right to purchase property that arises when the owner decides to sell. The holder of a right of first refusal has a preference to purchase the property over ...

Q. What is the status of the right of first refusal in Illinois as it relates to condominium boards and sales? I know that a condominium board cannot stop the sale to a buyer because they have secured ...