Sedona Non-Profit Attorneys & Lawyers

Key Takeaways

• A Right of First Refusal (ROFR) gives a holder priority to purchase or invest before a third party.
• ROFRs can complicate sales, impact asset value, and introduce negotiation delays.
• In family law, ROFRs can lead to disputes over scheduling, communication, and third-party caregivers.
• Ambiguous language in ROFR clauses can trigger litigation or create unenforceable obligations.
• There are strategic and legal considerations to weigh before including ROFR provisions in any agreement.

What is a Right of First Refusal?

A right of first refusal, also called a ROFR, the first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first refusal declines, the owner of the asset can sell i

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Key Takeaways:

• Cyber law or internet law is concerned with online privacy, data protection, intellectual property rights, and cybercrime.

• Key regulations such as GDPR, COPPA, and CCPA ensure the privacy of users as they interact online.

• Copyrights, patents and trademarks are crucial for protecting your content when you share them online.

• Cyber law is concerned with many different branches–including e-Commerce and consumer protection.

As our society becomes more and more connected with the rise in digital technology and communication, understanding

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Key Takeaways:

• Definition and Purpose: MSAs establish foundational terms for ongoing business relationships, streamlining processes and reducing repetitive negotiations.
• Key Components:
  • Payment terms (e.g., Net30, Net60)
  • Service level agreements (SLAs)
  • Intellectual property rights
  • Confidentiality and risk allocation
• Enterprise Considerations: Monthly billing cycles and extended payment terms are often preferred by large clients for practicality.
• Legal Importance: Professional legal counsel ensures MSAs are tailored to unique business needs while protecting all parties' interests.
• Business Benefits:
  • Simplified contract administration
  • Protected intellectual property
  • Reliable cash flow and operational efficiency
• Risk Management:

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What is a Portfolio Company?

A portfolio company is a term used to describe a company in which investors own equity in a company or buy out a company. The goal of the investor is to increase the value of the portfolio company and earn a return on their initial investment.

The investment could be in the form of private equity in established companies or venture capital in companies just starting out. One portfolio company usually forms part of a group of companies in the investor's full portfolio.

Who Invests in Portfolio Companies?

Portfolio companies are used by venture capital firms, private equity firms, and other financial investment firms. Some firms build a portfolio of companies that specialize in a specific sector, such as science or engineering. Others have a diverse mix of portfolios.

Private Equity Firms: Private equity is a type of financ

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