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Occasionally,
the Landlord and Tenant, as part of the lease negotiations,
agree to an Option to Purchase or First Right of Refusal as to
the leased premises. There is a distinction between these two
commercial rights, and the drafting of the clauses may depend
upon whom you represent. Careful drafting is necessary to
accomplish the goals of the parties and prevent ambiguity and
confusion when a lot may be at stake.
Click here
for
the article Options to Purchase and First Right
of Refusal by attorney Kevin Jursinski
.
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