Create a bespoke document in minutes, 聽or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
First Refusal Agreement
"I need a First Refusal Agreement for my commercial property in Manila, giving my current tenant the right to match any purchase offers received before January 2025, with a requirement that they must exercise the right within 30 days of receiving notice of a competing offer."
1. Parties: Identifies and defines the parties to the agreement, including their full legal names, addresses, and any relevant registration details
2. Background: Sets out the context and purpose of the agreement, including any relevant background information about the parties and the subject matter
3. Definitions: Defines key terms used throughout the agreement for clarity and consistency
4. Grant of Right of First Refusal: Clearly establishes the right of first refusal, its scope, and the subject matter to which it applies
5. Notice Requirements: Details the process and requirements for notifying the right holder of any triggering event
6. Exercise of Right: Specifies the procedure, timeframe, and conditions for exercising the right of first refusal
7. Purchase Price and Payment Terms: Establishes how the purchase price will be determined and the payment terms if the right is exercised
8. Duration and Termination: Specifies the term of the agreement and circumstances under which it may be terminated
9. Representations and Warranties: Standard warranties from both parties regarding their capacity and authority to enter into the agreement
10. Governing Law and Jurisdiction: Specifies that Philippine law governs the agreement and establishes jurisdiction for dispute resolution
11. General Provisions: Standard boilerplate clauses including notices, entire agreement, amendments, and severability
1. Registration Rights: Required when the right of first refusal pertains to real property and needs to be registered with the Registry of Deeds
2. Shareholder Approval: Needed when the agreement involves corporate shares and requires shareholder approval
3. Valuation Mechanism: Include when specific valuation methods need to be established for determining the purchase price
4. Assignment and Transferability: Required when the parties want to specifically address whether the right can be assigned or transferred
5. Confidentiality: Include when sensitive business information will be exchanged as part of the process
6. Tag-Along Rights: Optional provision for share-based agreements to protect minority shareholders
7. Security Provisions: Include when additional security or guarantees are required for the performance of obligations
1. Schedule A - Description of Subject Matter: Detailed description of the property, shares, or assets subject to the right of first refusal
2. Schedule B - Notice Forms: Template forms for various notices required under the agreement
3. Schedule C - Valuation Methodology: Detailed procedures and formulas for determining the purchase price
4. Schedule D - Required Approvals: List of required corporate, regulatory, or third-party approvals
5. Appendix 1 - Corporate Authorizations: Copies of relevant corporate resolutions or authorizations
6. Appendix 2 - Property Documents: Copies of relevant property titles or share certificates when applicable
Authors
Real Estate
Commercial Property
Manufacturing
Retail
Technology
Professional Services
Agriculture
Mining
Financial Services
Construction
Hospitality
Healthcare
Legal
Corporate Affairs
Real Estate
Business Development
Mergers & Acquisitions
Commercial
Compliance
Property Management
Investment
Executive Leadership
Chief Executive Officer
Chief Financial Officer
Real Estate Manager
Property Development Manager
Corporate Lawyer
Legal Counsel
Business Development Director
Investment Manager
Commercial Director
Mergers & Acquisitions Director
Company Secretary
Contract Manager
Real Estate Agent
Property Portfolio Manager
Business Owner
Compliance Officer
Find the exact document you need
Option Agreement For Purchase Of Real Property
A Philippine law-governed agreement granting exclusive rights to purchase real property at predetermined terms within a specified timeframe.
Option To Renew Contract
A Philippine law-governed agreement that grants one party the right to extend an existing contract under specified terms and conditions.
Land Purchase Option Agreement
A Philippine law-governed agreement granting exclusive rights to purchase specified land within a set timeframe and price, subject to local property regulations.
Buy Back Option Contract
A Philippine law-governed contract granting the seller the right to repurchase an asset from the buyer under specified terms and conditions.
Option Extension Agreement
A Philippine law-governed agreement that extends the duration of an existing option agreement, specifying new terms and expiration date.
Option Cancellation Agreement
A Philippine law-governed agreement that terminates an existing option agreement and documents the terms of cancellation, including mutual releases and regulatory compliance requirements.
Option And Purchase Agreement
A Philippine law-governed agreement granting the right to purchase property or assets within a specified timeframe under predetermined conditions.
Vehicle Lease Agreement With Option To Purchase
A Philippine law-governed agreement for vehicle leasing with a purchase option, combining lease terms with potential ownership transfer provisions.
Land Lease To Own Contract
A Philippine law-governed agreement enabling property lease with option to purchase, incorporating rental payments toward final purchase price.
Lease To Own Document
A Philippine law-governed agreement that enables property rental with an option to purchase, combining lease terms with future buying rights.
Option Sales Contract
A Philippine law-governed contract granting the right to purchase specific assets at predetermined terms within a defined period.
First Refusal Agreement
A Philippine law-governed agreement granting one party the right to enter into a transaction before third parties, establishing terms and procedures for exercising this right.
Purchase Agreement With Payment Plan
Philippine law-governed agreement for the sale of goods or property with structured payment terms and consumer protection provisions.
Non Exclusive Option Agreement
A Philippine law-governed agreement granting non-exclusive rights to enter into a future transaction or secure specific rights, with defined exercise terms and conditions.
Master Lease With Option To Purchase
A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both temporary use and potential ownership transfer.
Lease With Option To Buy Commercial Property
A Philippine law-governed agreement combining commercial property lease terms with a future purchase option, structured to facilitate potential property acquisition through an initial lease period.
Lease To Own Land Agreement
A Philippine law-governed agreement combining property lease terms with a purchase option, enabling gradual property acquisition through structured payments.
Equipment Lease Agreement With Option To Purchase
Philippine-law governed agreement for equipment leasing with purchase option, detailing lease terms and conditions for potential ownership transfer.
Cash Payment Agreement
A Philippine law-governed agreement establishing terms and conditions for cash-based financial transactions, including payment obligations and regulatory compliance requirements.
First Option To Buy Agreement
A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets within a defined period, subject to agreed terms and conditions.
Lease Option Agreement Contract
A Philippine law-governed agreement combining property lease terms with an option to purchase, establishing rights and obligations for both temporary occupation and potential ownership transfer.
Short Term Investment Agreement
A Philippine law-governed agreement establishing terms and conditions for short-term investments, including investment amount, returns, and regulatory compliance requirements.
Seller Financing Purchase Agreement
A Philippine law-governed agreement combining property sale and seller-provided financing terms, enabling direct property purchase without traditional bank financing.
Rental Agreement With Option To Purchase
A Philippine law-governed agreement combining property rental terms with an option for the tenant to purchase the property under specified conditions.
Residential Lease Agreement With Option To Purchase
A Philippine law-governed agreement combining residential property lease terms with an option for the tenant to purchase the property under specified conditions.
Real Estate Option To Purchase Agreement
A Philippine law-governed agreement granting an exclusive right to purchase specified real estate at predetermined terms within a defined period.
Outright Purchase Agreement
A Philippine law-governed agreement for the complete and immediate transfer of ownership of assets from seller to buyer for a defined price.
Option To Lease Agreement
A Philippine law-governed agreement granting exclusive rights to lease a property within a specified period, including option terms and proposed lease conditions.
Option To Buy Land Agreement
A Philippine law-governed agreement granting exclusive rights to purchase specified land within a defined period, subject to agreed terms and local property laws.
Land Option Contract
A Philippine-compliant agreement granting an exclusive right to purchase specified land within a defined period, subject to agreed terms and local property laws.
Option Agreement Land
A Philippine law-governed agreement granting exclusive rights to purchase specified land at predetermined terms within a set timeframe.
Option To Buy Contract
A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets under predetermined terms and conditions.
Vehicle Lease To Own Agreement
A Philippine law-governed agreement establishing terms for vehicle leasing with an eventual purchase option, combining lease and sale elements in compliance with local regulations.
Option Agreement (Real Estate)
A Philippine law-compliant agreement granting exclusive rights to purchase specified real estate at a predetermined price within a defined period.
Download our whitepaper on the future of AI in Legal
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.