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Rights Of First Offer, First Refusal In Real Estate (teleseminar)
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This program will provide you with a practical guide to drafting rights of first refusal and rights of first offer, their practical consequences later in a transaction, and negotiating strategies for buyers and sellers, landlords and tenants.

 Export to Your Calendar 12/18/2018
When: 12/18/2018
1:00 PM to 2:00 PM
Where: United States
Contact: (404) 521-0781


Online registration is available until: 12/18/2018
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An 800 number connects you to nationally recognized practice leaders who will speak on important issues and emerging trends in the law. You can also pose your own questions to the speakers. Written materials and other details are emailed in advance to pre-registrants.

 
RIGHTS OF FIRST OFFER, FIRST REFUSAL IN REAL ESTATES, 1 CLE hour
 

Rights of first refusal and rights of first offer are frequently used in commercial real estate transactions, establishing rights to acquire property from a seller before it hits the market.  The practical effect of these tools is often to exert downward pressure on the price of the property and hamper development of a third-party market.  Rights of first refusal can help hasten a deal among buyers and sellers or landlords and tenants, thereby reducing costs, or they can be a costly waste of time.  There are many subtle differences between rights of first refusal and rights of first offer, each with subtle tradeoffs for counter-parties that must be considered in context of a particular transaction.  

  • How rights of first refusal and rights of first offer work in real estate transactions
  • Real-world costs, tradeoffs and risks of each type of right – and drafting tips and traps
  • Best circumstances in which these mechanisms are used in property acquisitions, sales, and leasing
  • How rights of refusal depress prices & limiting third party interest in the property – and how to mitigate
  • Practical strategies for buyers and sellers, landlords and tenants when negotiating these rights

Speaker:

 

John S. Hollyfield is of counsel and a former partner in the Houston office Norton Rose Fulbright, LLP.  He has more than 40 years’ experience in real estate law practice.  He formerly served as chair of the ABA Real Property, Probate and Trust Law Section, president of the American College of Real Estate Lawyers, and chair of the Anglo-American Real Property Institute.  He has been named a "Texas Super Lawyer" in Real Estate Law by Texas Monthly magazine and is listed in Who’s Who in American Law.  He is co-editor of Modern Banking and Lending Forms (4th Edition), published by Warren, Gorham & Lamont.  He received his B.B.A. from the University of Texas and his LL.B. from the University of Texas School of Law.

 


*(Teleseminar courses qualify for self-study credit only)  

 

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