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A 72-hour clause, typically inserted in real estate sale contracts, is also known as an escape clause, release clause, kick-out clause, hedge clause or right of first refusal clause. [ 1 ] The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the ...
Right of first refusal (ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third party ...
(The Center Square) – A group of Wisconsin lawmakers is bringing back right of first refusal legislation that was debated last year but did not pass the Senate. The legislation would allow ...
The right of first refusal – for example, if Joey sells property to Rachel, he may require that if Rachel later decides to sell the property, she must first give Joey the opportunity to buy it back. The establishment of public parks and gardens, as was the case for the Royal Parks of London in the UK.
By Douglas Gillison (Reuters) -The U.S. Consumer Financial Protection Bureau was defanged over the weekend with all activities suspended, its upcoming funding facing a cut and its headquarters ...
The Zoning Board of Appeals then scheduled a full vote for June 9, 2016, at which it denied the permit on the grounds the land was under Chapter 61A conservation protection and the town of Dudley thus had the right of first refusal to purchase the land.
The decision was praised by supporters of diversity, equity and inclusion policies that have seen dramatic rollbacks in the first week of President Donald Trump's second term.
The Berlin Plus agreement requires that the use of NATO assets by the EU is subject to a "right of first refusal", i.e. NATO must first decline to intervene in a given crisis, [8] [9] and contingent on unanimous approval among NATO states, including those outside of the EU.