Whether we are representing our clients in connection with drafting a right of first refusal or assisting them in exercising such a right, those rights of first refusal involving an outparcel deserve special consideration when the grantor of the right owns additional property.
In the Spotlight: Outparcels and Rights of First Refusal
Where an outparcel is involved, and the grantor owns additional property, failing to address the package deal scenario at the drafting stage is likely to create uncertainty for our clients as well as undesired or not bargained-for results.
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Anne R. KernsThis premium content is locked for LawJournalNewsletters subscribers only
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