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Rights of First Refusal: Defining the Triggering Event

Posted:
07/19/2004

In this article, Martin Doyle, a Partner in the Transactional Real Estate Practice Group in the Philadelphia office, analyze what constitutes the triggering event for a Right of First Refusal (ROFR) to apply. The article concludes that the triggering event for most ROFRs is a decision by the grantor to sell the property.

However, the article also finds that existing case law shows the interests of the holder are not protected when the ROFR is defined as a proposed sale of property. 

To read the full article click the link below.