What is the Difference between a ROFO and ROFR?

By |2018-08-22T17:32:53+00:00August 22, 2018|News and Resources|

A Right of First Offer (“ROFO”) and a Right of First Refusal (“ROFR”) are both contractual obligations that often arise in the context of a lease arrangement or in connection with selling an asset (such as a piece of property).  These provisions restrict the assets held or leased by an owner and benefit the holder [...]