Rights of First Offer First Refusal in Real Estate (Telephone)
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Rights of first refusal and rights of first offer are frequently used in commercial real estate transactions, establishing rights to acquire property from a seller before it hits the market. The practical effect of these tools is often to exert downward pressure on the price of the property and hamper development of a third-party market. This program will provide you with a practical guide to drafting rights of first refusal and rights of first offer, their practical consequences later in a tr

 Export to Your Calendar 12/18/2018
When: Tuesday, December 18, 2018
12:00 PM - 1:00 PM CT

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MCLE Accreditation
Nebraska Activity #168049, 1.0 hours CLE (Distance Learning)

Rights of first refusal and rights of first offer are frequently used in commercial real estate transactions, establishing rights to acquire property from a seller before it hits the market.  The practical effect of these tools is often to exert downward pressure on the price of the 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.  There are many subtle differences between rights of first refusal and rights of first offer, each with subtle tradeoffs for counter-parties that must be considered in context of a particular transaction.  This program will provide you with a practical guide to drafting rights of first refusal and rights of first offer, their practical consequences later in a transaction, and negotiating strategies for buyers and sellers, landlords and tenants.

  • How rights of first refusal and rights of first offer work in real estate transactions
  • Real-world costs, tradeoffs and risks of each type of right – and drafting tips and traps
  • Best circumstances in which these mechanisms are used in property acquisitions, sales, and leasing
  • How rights of refusal depress prices & limiting third party interest in the property – and how to mitigate
  • Practical strategies for buyers and sellers, landlords and tenants when negotiating these rights

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

https://ne.webcredenza.com/program?id=73784

  • Click on above 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:
Amy Prenda, Nebraska State Bar Association
(402) 475-7091 ext # 131; aprenda@nebar.com