Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Right Of First Refusal Agreement
"I need a Right of First Refusal Agreement for my commercial property at 123 Auckland Business Park, giving my current tenant TechStart Solutions Ltd the first right to purchase the property if I decide to sell within the next 5 years, with a 30-day notice period."
1. Parties: Identifies and defines the parties to the agreement - typically the grantor (who gives the right) and the grantee (who receives the right)
2. Background: Sets out the context and purpose of the agreement, including description of the subject matter
3. Definitions and Interpretation: Defines key terms used throughout the agreement and establishes rules for interpretation
4. Grant of Right: Explicitly states the right of first refusal being granted and its scope
5. Trigger Events: Specifies the circumstances that activate the right of first refusal
6. Notice Requirements: Details how and when the grantor must notify the grantee of trigger events
7. Exercise Process: Outlines the procedure for exercising the right, including timeframes and communication requirements
8. Purchase Price and Terms: Explains how the purchase price will be determined and key terms of the purchase
9. Duration: Specifies how long the right of first refusal remains in effect
10. Default and Remedies: Describes what constitutes a breach and the consequences
11. General Provisions: Standard contractual provisions including governing law, assignment, and notices
1. Registration Rights: Used when the right of first refusal relates to land and needs to be registered on the title
2. Competing Interests: Required when there are multiple rights of first refusal or other pre-emptive rights
3. Valuation Mechanism: Included when the agreement requires specific methods for determining the asset's value
4. Assignment and Transferability: Needed when the parties want to specifically address whether the right can be assigned to others
5. Confidentiality: Important when the agreement involves sensitive business information or trade secrets
6. Tag-Along Rights: Used in corporate contexts where minority shareholders need protection
7. Mortgage and Encumbrance: Required when dealing with property that may be subject to mortgages or other encumbrances
1. Property Description: Detailed description of the property or asset subject to the right of first refusal
2. Notice Forms: Template forms for various notices required under the agreement
3. Excluded Assets: List of any assets or circumstances explicitly excluded from the right of first refusal
4. Pre-approved Terms: Any pre-agreed terms that will apply if the right is exercised
5. Valuation Methodology: Detailed procedures for determining the purchase price if applicable
Authors
Real Estate
Commercial Property
Retail
Manufacturing
Agriculture
Technology
Professional Services
Mining
Energy
Construction
Hospitality
Legal
Property
Commercial
Business Development
Operations
Corporate Affairs
Acquisitions
Real Estate
Investment
Compliance
Chief Executive Officer
Commercial Property Manager
Real Estate Director
Business Development Manager
Corporate Lawyer
Legal Counsel
Property Development Manager
Investment Manager
Commercial Director
Operations Manager
Contract Manager
Asset Manager
Company Secretary
Business Owner
Managing Director
Find the exact document you need
Residential Lease Option Agreement
A New Zealand-compliant agreement combining a residential lease with an option to purchase the property, establishing terms for both tenancy and potential future ownership.
Property Purchase Option Agreement
A New Zealand-compliant agreement granting the right to purchase a specific property at a predetermined price within an agreed timeframe.
Commercial Lease To Own Agreement
A New Zealand-governed agreement combining commercial property lease terms with a future purchase option, enabling tenants to build equity while leasing.
Lease Option Contract
A New Zealand-governed agreement combining a property lease with an option to purchase, setting out terms for both current tenancy and future property acquisition.
Option And Purchase Agreement
A New Zealand-compliant agreement granting an exclusive right to purchase property within a specified timeframe, subject to agreed terms and conditions.
First Option To Purchase Agreement
A New Zealand law-governed agreement granting exclusive rights to purchase a property within a specified timeframe, subject to agreed terms and conditions.
Extend Lease Agreement
A New Zealand legal document that extends an existing lease term between landlord and tenant, maintaining or modifying the current lease terms under NZ law.
Commercial Lease With Option To Buy
A New Zealand commercial lease agreement that includes an option for the tenant to purchase the property, combining tenancy terms with future buying rights.
Master Leasing Agreement
A New Zealand-governed framework agreement that establishes standard terms and conditions for multiple lease arrangements between a lessor and lessee.
Lease And Purchase Agreement
A New Zealand-governed agreement combining property lease terms with a future purchase option, setting out conditions for both arrangements.
Land Lease Purchase Agreement
A New Zealand-governed agreement combining property lease terms with provisions for eventual purchase, allowing occupancy while working towards ownership.
Cash Payment Agreement
A New Zealand-governed agreement establishing terms and conditions for structured cash payment arrangements, including compliance with local financial regulations.
Business Lease To Own Agreement
A New Zealand commercial property agreement combining a lease with a future purchase option, allowing business tenants to lease premises while securing future ownership rights.
Commercial Lease With Option To Purchase
A New Zealand commercial lease agreement that includes an option for the tenant to purchase the property, combining lease terms with purchase rights under NZ law.
Option To Lease Agreement
A New Zealand legal agreement granting a potential tenant the exclusive right to enter into a lease agreement for a specified property within a defined timeframe.
Land Option Contract
A New Zealand-governed agreement granting exclusive rights to purchase specified real estate at predetermined terms within a set timeframe.
Right Of First Refusal Agreement
A New Zealand law agreement granting one party the first opportunity to enter into a business transaction before the other party can offer it to third parties.
Vehicle Lease To Own Agreement
A New Zealand-compliant agreement that combines vehicle leasing with a purchase option, establishing terms for both temporary use and eventual ownership transfer.
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.