Friday, November 4, 2016

Professors' Corner: Rethinking Rights of First Offer, Rights of First Refusal, & Options


Professors’ Corner
FREE monthly webinar featuring a panel of law professors, 
addressing topics of interest to practitioners of real estate and trusts/estates
Members of the AALS Real Estate Transactions Section are welcome and encouraged to register and participate!
Tuesday, November 8, 2016
12:30 p.m. Eastern/11:30 a.m. Central/9:30 a.m. Pacific
Rethinking Rights of First Offer, Rights of 
First Refusal, and Options
  • Kathryn (“Kappy”) Allen, Graves Dougherty Hearon and Moody, Austin, TX
  • Carl Circo, Ben J. Altheimer Professor of Legal Advocacy, University of Arkansas School of Law
  • Beat Steiner, Holland & Hart LLP, Boulder, CO
  • Wilson Freyermuth, John D. Lawson Professor of Law and Curators’ Distinguished Teaching Professor, University of Missouri School of Law
This program takes an in-depth look at some troublesome issues in the world of rights of first offer (ROFOs), rights of first refusal (ROFRs), and options to purchase real estate. The presenters will highlight the most common legal issues that make these three forms of preferential purchase rights far more complicated and risky than most clients realize. The program provides practical tips on how to manage the common challenges lawyers face in:
•        negotiating and drafting the terms of  preferential purchase rights;
•        enforcing preferential purchase rights through litigation;
•        identifying title insurance issues commonly associated with preferential purchase rights;
•        and addressing title issues related to property subject to a preferential purchase right.
Note:  This program was first presented by the speakers, along with Wilhelmina (“Willie”) Kightlinger, Senior Vice President of Old Republic National Title Insurance Company, at the Spring 2016 conference of the American College of Real Estate Lawyers (ACREL). Materials from that conference were published in the ACREL Papers Spring 2016, available at
Register for this FREE webinar at
Sponsored by the ABA Real Property, Trust and Estate Law Section
Legal Education and Uniform Laws Group

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