Want first dibs on a property, extra space, or a co-owner's shares before it goes to anyone else? PaperKit drafts a proper Right of First Refusal / Right of First Offer Agreement where a grantor (an owner or landlord) gives a holder (a tenant, buyer, investor, or fellow owner) a preferential right over a defined asset. Pick the mechanic: a Right of First Refusal (the grantor must show you any bona-fide third-party offer and you get a set number of days to match it), a Right of First Offer (the grantor must offer it to you first and negotiate before marketing it to anyone else), or a combined right (first offer, then refusal). Choose the asset — real property, extra leased space, or a business/equity interest — and set the exercise window, the term, an optional price or formula, assignability, and whether a memorandum can be recorded. Hosted online for the holder to review & e-sign. Clean PDF.
What kind of asset is the right over? This tweaks the subject-matter recital.
The big lever — it rewrites the whole mechanic and the notice/exercise procedure.
First Refusal: the grantor must show the holder any bona-fide third-party offer, and the holder gets the exercise window to match it on the same terms.
Leave blank to price off whatever the third-party offer or first offer states. Or fix a price and/or a formula.
A real, section-by-section Right of First Refusal / First Offer Agreement. The type choice drives the grant + notice/exercise procedure. Publish to get a hosted link the holder can e-accept online.
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A right of first refusal / first offer is a template for convenience, not legal advice. It creates real, binding preferential rights over the identified asset; the underlying agreement and applicable state and local law (including any recording and notice requirements) continue to govern. PaperKit is not a law firm. Review the agreement and consult a qualified attorney.