Usually, right of first refusal clauses are inserted in a shareholders agreement. However, sometimes investors wish to execute separate ROFR agreements in order to give them stronger bargaining power. Right of first refusal agreement essentially is a contract between shareholders that gives holders of shares (equity or preference) the first option purchase shares of an outgoing investor or shareholder. Such agreements thereby enable existing shareholders to keep control of the company preventing misuse by the outgoing shareholders. A sample right of first refusal agreement can be viewed here under. You could order one for your business needs at the undermentioned price.
