黑料视频

First Refusal Agreement Template for Philippines

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your First Refusal Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

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."

Document background
The First Refusal Agreement is a crucial document in Philippine business and property transactions, commonly used when parties wish to establish preferential rights in future sales or transfers. This agreement type is particularly relevant in real estate transactions, corporate share transfers, and business asset sales, where the holder of the right wants to secure a privileged position for future acquisition opportunities. The document must comply with Philippine Civil Code requirements and relevant sector-specific regulations, particularly when dealing with regulated industries or listed companies. It typically includes detailed mechanisms for valuation, notice periods, and exercise procedures, ensuring clarity and enforceability under Philippine law. The agreement serves as a protective mechanism for potential buyers while allowing sellers to maintain their property rights and ensure fair market value for their assets.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































Clauses






























Relevant Industries

Real Estate

Commercial Property

Manufacturing

Retail

Technology

Professional Services

Agriculture

Mining

Financial Services

Construction

Hospitality

Healthcare

Relevant Teams

Legal

Corporate Affairs

Real Estate

Business Development

Mergers & Acquisitions

Commercial

Compliance

Property Management

Investment

Executive Leadership

Relevant Roles

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

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Option Extension Agreement

A Philippine law-governed agreement that extends the duration of an existing option agreement, specifying new terms and expiration date.

find out more

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.

find out more

Option And Purchase Agreement

A Philippine law-governed agreement granting the right to purchase property or assets within a specified timeframe under predetermined conditions.

find out more

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.

find out more

Land Lease To Own Contract

A Philippine law-governed agreement enabling property lease with option to purchase, incorporating rental payments toward final purchase price.

find out more

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.

find out more

Option Sales Contract

A Philippine law-governed contract granting the right to purchase specific assets at predetermined terms within a defined period.

find out more

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.

find out more

Purchase Agreement With Payment Plan

Philippine law-governed agreement for the sale of goods or property with structured payment terms and consumer protection provisions.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Cash Payment Agreement

A Philippine law-governed agreement establishing terms and conditions for cash-based financial transactions, including payment obligations and regulatory compliance requirements.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

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.

find out more

Option Agreement Land

A Philippine law-governed agreement granting exclusive rights to purchase specified land at predetermined terms within a set timeframe.

find out more

Option To Buy Contract

A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets under predetermined terms and conditions.

find out more

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.

find out more

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.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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.