Rights of first refusal restrict marketability

BVWireIssue #105-2
June 8, 2011

“Rights of first refusal (ROFRs) are not the same as buy-sell agreements,” explains Chris Mercer (Mercer Capital) on his blog Valuation Speak. “The bottom line about rights of first refusal is that they restrict marketability. Buy-sell agreements provide for marketability under specified terms and conditions upon the occurrence of specified trigger events.” Click here to read more.
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