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Calendar

9/26/2016
Drafting Promissory Notes to Enhance Enforceability (Telephone)

9/26/2016
The Passion of the Barrister: An Ethical Lawyer is a Happy Lawyer (Webinar)

9/27/2016
Understanding and Drafting Ground Leases, Part 1 (Telephone)

9/28/2016
Understanding and Drafting Ground Leases, Part 2 (Telephone)

Rights of First Refusal/Rights of First Offer in Transactions (Telephone)
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Rights of first refusal and rights of first offer are frequently used in business and real estate transactions. The differences between the two are often overlooked, as is their real and substantial impact on the pricing, timing, and costs of completing a transaction.

2/15/2016
When: Monday, February 15, 2016
12:00 PM - 1:00 PM

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MCLE Accreditation
Nebraska Activity #119956, 1.0 hour CLE

Rights of first refusal and rights of first offer are frequently used in business and real estate transactions. The differences between the two are often overlooked, as is their real and substantial impact on the pricing, timing, and costs of completing a transaction.  While rights of first refusal are often demanded and a way of getting a deal off the ground, on the back-end of a buy/sell agreement they can exert downward pressure on the price of the underlying property and hamper development of a third-party market.  Rights of first refusal can help hasten a deal among buyers and sellers or landlords and tenants, thereby reducing costs, or they can be a costly waste of time.  Each of these types of rights has subtle tradeoffs for counter-parties that must be considered in when they are drafted into agreements. This program will provide you with a practical guide to drafting rights of first refusal and rights of first offer in business and real estate transactions, understanding their practical consequences later in a transaction, and negotiating strategies for buyers and sellers, landlords and tenants.

  • Essential differences between rights of first refusal and rights of first offer in business and real estate transactions
  • Real-world costs, tradeoffs and risks of each type of right – and drafting tips and traps
  • Best circumstances in which these agreements are used in business transactions and commercial real estate acquisitions/sales and leasing
  • Dangers of rights of first refusal to sellers, including depressing the sales price and limiting third party interest in the property – and how to mitigate
  • Practical strategies for buyers and sellers, landlords and tenants when negotiating these rights
  • Understand the balance of using rights of first offer for speed in transactions versus maximizing pricing

John S. Hollyfield is of counsel and a former partner in the Houston office Norton Rose Fulbright, LLP.  He has more than 40 years’ experience in real estate law practice.  He formerly served as chair of the ABA Real Property, Probate and Trust Law Section, president of the American College of Real Estate Lawyers, and chair of the Anglo-American Real Property Institute.  He has been named a "Texas Super Lawyer" in Real Estate Law by Texas Monthly magazine and is listed in Who’s Who in American Law.  He is co-editor of Modern Banking and Lending Forms (4th Edition), published by Warren, Gorham & Lamont.  He received his B.B.A. from the University of Texas and his LL.B. from the University of Texas School of Law.



To Register:
Cost $89.00

http://ne.webcredenza.com/catalog.aspx?browse=ViewProg&catid=22429

  • Click on abo9ve link
  • Click “Login to add to cart” button at the bottom of the program page
  • This will take you to the log in page, FIRST time users will need to create a user name and password that is separate and distinct from any information you may have used for the Nebraska State Bar website
  • Please be sure to use the attorney name and contact information of the person who is to receive the CLE credit
  • Once completed click “Update & Proceed to Payment”
  • The final step is to click “Submit Payment”
  • At this point you will receive an email confirmation of the purchase
  • The day before the Program you will receive the dial in information and program materials
  • We will submit the program participation information to the Nebraska State Bar Association within 48 hours of the program completion

If you need additional information on your CLE credits please contact:
Sara Weber, Nebraska State Bar Association
(402) 475-7091 ext # 131; sweber@nebar.com

Nebraska State Bar Association, 635 S. 14th St., Suite 200, Lincoln, NE 68508
(402) 475-7091; Toll Free (800) 927-0117; FAX (402) 475-7098