Right of First Refusal Clauses: Are They Worth the Paper They’re Written On?

by Julie I. Fershtman Attormey at Law

What is a right of first refusal?
 
Equine-related contracts sometimes include a “right of first refusal” clause that restricts how a horse can be re-sold. Through these clauses, a horse buyer agrees to give the seller an opportunity to buy back the horse later under certain specified conditions.

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