The Right of First Refusal Agreement is a crucial legal instrument in Nigerian business and property transactions that provides the right holder with a strategic advantage in future acquisitions. This document is typically used when parties want to establish a preferential right for future transactions while maintaining current ownership or control arrangements. It is particularly relevant in scenarios involving property sales, company shares, or valuable assets where the right holder wants to secure future acquisition opportunities. The agreement must comply with Nigerian contract law, the Companies and Allied Matters Act (CAMA) 2020 where applicable, and other relevant Nigerian legislation. It includes detailed provisions on triggering events, notice requirements, exercise procedures, and pricing mechanisms, tailored to the specific subject matter and circumstances of the transaction.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of all parties to the agreement, including full legal names and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions and Interpretation: Definitions of key terms used in the agreement and rules for interpretation
4. Grant of Right of First Refusal: Clear statement of the ROFR grant and the subject matter it covers
5. Scope of ROFR: Detailed description of what assets/rights are covered by the ROFR
6. Triggering Events: Specific circumstances that trigger the ROFR
7. Notice Requirements: Process and requirements for notification when ROFR is triggered
8. Exercise Procedure: Steps and timeframes for exercising the ROFR
9. Purchase Price and Payment Terms: How the purchase price will be determined and payment conditions
10. Duration and Termination: Term of the agreement and circumstances for termination
11. Governing Law and Jurisdiction: Specification of Nigerian law as governing law and jurisdiction for disputes
12. Entire Agreement: Standard clause confirming this document represents the entire agreement between parties
1. Asset-Specific Terms: Additional terms specific to the type of asset (real estate, shares, etc.) - include when ROFR covers specific types of assets
2. Third Party Rights: Provisions regarding rights of third parties - include when other stakeholders might be affected
3. Confidentiality: Confidentiality obligations - include when sensitive information is involved
4. Assignment: Rights and restrictions regarding assignment - include when transfer of rights might be relevant
5. Force Majeure: Provisions for unforeseen circumstances - include for long-term ROFRs
6. Tag-Along/Drag-Along Rights: Additional share transfer rights - include for corporate share ROFRs
7. Regulatory Compliance: Specific regulatory requirements - include when regulated assets or parties are involved
1. Description of Subject Matter: Detailed description of assets/rights covered by ROFR
2. Notification Form: Template for ROFR trigger notification
3. Exercise Notice: Template for exercising the ROFR
4. Valuation Methodology: Detailed procedure for determining purchase price
5. Required Consents: List of required third-party or regulatory consents
6. Property Details: For real estate ROFRs - detailed property information and documents
Find the exact document you need
Property Lease With Option To Buy
Nigerian law-governed agreement combining property lease terms with a future purchase option, subject to Land Use Act requirements.
Download
Option To Renew Tenancy Agreement
A Nigerian law-compliant agreement granting tenants the right to renew their existing lease under specified terms and conditions.
Download
Option To Renew Commercial Lease
A Nigerian law-compliant agreement granting tenants the right to renew their commercial lease under specified terms and conditions.
Download
Option Agreement Contract
A Nigerian law-governed agreement granting one party the right, but not obligation, to enter into a specified transaction under predetermined terms within a set timeframe.
Download
Buy Back Option Contract
A Nigerian law-governed agreement establishing terms for a seller's right to repurchase previously sold assets under specified conditions.
Download
Extend Lease Agreement
A Nigerian law-compliant document that extends an existing lease agreement's duration while updating relevant terms and conditions.
Download
Option Cancellation Agreement
A Nigerian law-governed agreement that formally terminates an existing option agreement between parties, outlining cancellation terms and mutual releases.
Download
Option And Purchase Agreement
A Nigerian law-governed agreement granting exclusive rights to purchase property under specified terms and conditions within a set timeframe.
Download
First Option To Purchase Agreement
A Nigerian law-governed agreement granting exclusive rights to purchase specified property at predetermined terms within a set timeframe.
Download
Restricted Share Agreement
A Nigerian law-governed agreement establishing terms and conditions for restricted share issuance, including transfer restrictions, vesting conditions, and shareholder rights.
Download
Option Sales Contract
A Nigerian-law governed agreement granting the right to purchase specific assets under predetermined terms within a specified period.
Download
Simple Right Of First Refusal Agreement
A Nigerian law-governed agreement granting one party the first right to purchase an asset before it can be offered to others.
Download
Non Exclusive Option Agreement
A Nigerian law-governed agreement granting non-exclusive rights to enter into a future transaction or acquire specific rights/assets during a defined period.
Download
Lease To Own Land Agreement
A Nigerian law-governed agreement combining lease and purchase terms for land acquisition, allowing occupation while making payments toward eventual ownership.
Download
Land Lease Purchase Agreement
A Nigerian law-governed agreement combining land lease terms with a purchase option, structured to comply with the Land Use Act and state regulations.
Download
Land Buying Agreement
A Nigerian law-governed agreement for the purchase and transfer of land, incorporating all necessary elements under the Land Use Act and state requirements.
Download
Contract For Lease To Own
A Nigerian law-compliant agreement establishing terms for leasing property with an option to purchase, including payment structures and ownership transfer provisions.
Download
Company Equity Share Agreement
A Nigerian law-governed agreement for the transfer or issuance of company shares, ensuring compliance with CAMA 2020 and establishing parties' rights and obligations.
Download
Cash Payment Agreement
A Nigerian law-governed agreement establishing terms and conditions for structured cash payment arrangements between parties, ensuring regulatory compliance and transaction security.
Download
Truck Lease To Own Agreement
A Nigerian law-governed agreement enabling the lease of a commercial truck with an option to purchase after completing specified payment terms and conditions.
Download
Short Term Investment Agreement
A Nigerian law-governed agreement for structuring and managing short-term investments, ensuring regulatory compliance and protecting parties' interests.
Download
Seller Financing Purchase Agreement
A Nigerian law-governed agreement combining property sale and seller-provided financing terms, structured to facilitate property transfer while protecting both parties' interests through detailed payment and security provisions.
Download
Rental Agreement With Option To Purchase
A Nigerian law-governed agreement combining property rental terms with an option for the tenant to purchase the property, subject to Land Use Act requirements.
Download
Option To Buy Land Agreement
A Nigerian law-compliant agreement granting the right to purchase specified land within a set timeframe under predetermined terms.
Download
Land Option Contract
A Nigerian law-governed agreement granting exclusive rights to purchase land within a specified timeframe, subject to Land Use Act requirements.
Download
Option Agreement Land
A Nigerian law-governed agreement granting exclusive rights to purchase specified land within a set timeframe and price.
Download
Right Of First Refusal Agreement
A Nigerian law-governed agreement granting one party the first opportunity to enter into a business transaction before the grantor may engage with third parties.
Download
Lease With Option To Buy Contract
A Nigerian law-compliant agreement combining property lease terms with a future purchase option, structured to facilitate potential property acquisition.
Download
Vehicle Lease To Own Agreement
A Nigerian law-governed agreement establishing terms for a vehicle lease-to-own arrangement, including payment terms, maintenance requirements, and ownership transfer conditions.
Download
Lease Option Agreement
A Nigerian law-governed agreement combining a property lease with an option to purchase, providing tenants occupancy rights and a future purchase option at predetermined terms.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)