Glossary · Doing the deal
In short
This clause gives a party the first chance to buy an asset or business if the owner decides to sell. For a buyer, it's a future option on a potential acquisition, but it can also limit your ability to sell later.
You might encounter this if the business you're buying has existing agreements, such as with a landlord or a minority shareholder. As a buyer, ensure any ROFRs are properly waived or exercised before closing, as they can complicate future exit strategies or even the current acquisition.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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