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Author: Ashutosh Tripathi
Ashutosh Tripathi
Myself Ashutosh Tripathi, I'm currently pursuing my Ba.Llb (hons.) from University Of Allahabad, while studying and giving my utmost in studies I have developed a passion for writing blogs and articles. I'm also a Contract Attorney where i deal with immense and various types of Agreements.
In the realm of corporate transaction documents — especially shareholder agreements, joint ventures, and private equity agreements — two important pre-emptive rights frequently arise: the Right of First Refusal (ROFR) and the Right of First Offer (ROFO). Each mechanism allows a party to have some manner of control over ownership and to shield itself from the implied vested rights of a third party/shareholder/partner. However, they do differ in terms of their language, legal application, and strategic approach. This article examines the definitions under the law, the business implications and limitations of ROFR and ROFO, and the relative strengths of ROFR…
