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First Refusal Agreements are commonly used in Singapore business transactions where parties wish to establish preferential rights for future dealings. This document is particularly relevant when businesses want to maintain control over future ownership or participation rights, whether in property, shares, or other assets. The agreement must comply with Singapore contract law and may need to address specific regulatory requirements depending on the subject matter. First Refusal Agreements are especially valuable in joint ventures, property development, and corporate structuring, providing a structured framework for future transactions while protecting the interests of both parties.

1. Parties: Identifies and defines the parties to the agreement

2. Background: Sets out the context and purpose of the agreement

3. Definitions: Defines key terms used tHRoughout the agreement

4. Grant of Right of First Refusal: Core provision establishing the right of first refusal

5. Notice Requirements: Procedures for notification when the right is triggered

6. Exercise Period: Timeframe within which the right must be exercised

7. Price and Payment Terms: How price will be determined and payment made

8. Term and Termination: Duration of the agreement and termination provisions

9. Governing Law: Specifies Singapore law as governing law