The Right of First Refusal Agreement is a strategic legal instrument commonly used in the United Arab Emirates for various commercial and property transactions. It is particularly relevant when parties wish to establish preferential rights in future dealings, whether for real estate acquisitions, company share transfers, or commercial asset sales. The document must align with UAE Civil Code requirements and may need to consider specific emirate-level regulations, particularly for real estate transactions. Typically used by businesses, investors, and property owners, this agreement provides detailed mechanisms for notification, pricing, and exercise of the right, while ensuring compliance with UAE commercial law principles. The agreement is especially valuable in protecting strategic interests in competitive markets and maintaining control over asset dispositions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all parties to the agreement, including full legal names, addresses, and registration details if companies
2. Background: Context of the agreement, relationship between parties, and purpose of the ROFR
3. Definitions: Key terms used throughout the agreement, including Asset, Offer Notice, Exercise Period, etc.
4. Grant of Right of First Refusal: Core provision establishing the ROFR and its scope
5. ROFR Process: Detailed procedure for how the ROFR operates, including notification requirements, time periods, and exercise mechanism
6. Purchase Price and Payment Terms: How the purchase price will be determined and payment conditions
7. Duration and Termination: Term of the ROFR and circumstances for termination
8. Notices: Format and method for all formal communications under the agreement
9. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant courts
10. General Provisions: Standard contractual provisions including entire agreement, amendments, waiver, etc.
1. Registration Requirements: Required when the ROFR relates to real property and needs registration with relevant authorities
2. Competing Rights: Needed when there are other rights holders or potential conflicts with existing agreements
3. Assignment: Include when transfer of ROFR rights needs to be addressed
4. Confidentiality: Required when sensitive business information will be shared during the ROFR process
5. Tag-Along Rights: Include when shareholders' rights need to be protected in company share transfers
6. Dispute Resolution: Optional detailed dispute resolution procedure, including mediation steps before litigation
7. Force Majeure: Include when external events might affect the exercise of the ROFR
1. Description of Asset: Detailed description of the property or assets subject to the ROFR
2. Form of Offer Notice: Template for the formal notice triggering the ROFR
3. Form of Exercise Notice: Template for exercising the ROFR
4. Valuation Methodology: If applicable, detailed process for determining asset value
5. Required Approvals: List of necessary governmental or regulatory approvals
6. Existing Encumbrances: Schedule of any existing rights or restrictions affecting the asset
Find the exact document you need
Option To Renew Tenancy Agreement
A UAE-compliant agreement granting the tenant the right to extend their existing lease under specified terms and conditions, subject to UAE Federal and emirate-specific property laws.
Download
Option And Purchase Agreement
UAE-governed agreement granting the right to purchase assets under specified terms and conditions within a defined timeframe.
Download
Extend Lease Agreement
A UAE-compliant agreement that extends an existing lease term between landlord and tenant, subject to federal and emirate-specific rental laws.
Download
Lease To Own Document
UAE-governed agreement combining lease and purchase terms, allowing property rental with a future purchase option or obligation.
Download
Valid Option Contract
A UAE-governed agreement granting the right to buy or sell specific assets at predetermined terms, compliant with UAE federal laws and Sharia principles.
Download
Residential Lease Purchase Agreement
A UAE-governed agreement combining residential property lease terms with a purchase option, allowing tenants to apply rental payments toward eventual property ownership.
Download
Restricted Share Agreement
UAE-governed agreement setting out terms for restricted share grants, including ownership restrictions and vesting conditions under UAE commercial and securities laws.
Download
Simple Right Of First Refusal Agreement
UAE-governed agreement granting one party the first right to enter into a transaction before the owner can deal with third parties.
Download
Master Leasing Agreement
A UAE law-governed framework agreement establishing terms for multiple leasing arrangements between parties, serving as an umbrella agreement for specific lease schedules.
Download
Land Buying Agreement
UAE-governed agreement for the sale and purchase of land, detailing property transfer terms and ensuring compliance with local property laws.
Download
Company Equity Share Agreement
UAE-governed agreement establishing terms for company share allocation and transfer, outlining shareholder rights and obligations under UAE Commercial Companies Law.
Download
Lease To Own Home Contract
UAE-governed agreement combining property lease terms with a future purchase option, structured according to UAE federal and emirate property laws.
Download
Business Lease To Own Agreement
UAE-governed agreement enabling businesses to lease commercial property with an option to purchase, combining rental and purchase terms under UAE Federal Law.
Download
Short Term Investment Agreement
UAE-governed agreement establishing terms and conditions for short-term investments, including investment amount, duration, returns, and regulatory compliance requirements.
Download
Equity Share Agreement Startup
UAE-governed agreement documenting equity investment terms and shareholder rights in startup companies, aligned with UAE Commercial Companies Law.
Download
Land Option Contract
UAE-governed agreement granting exclusive rights to purchase specified land within a defined period, subject to UAE federal and emirate-specific property laws.
Download
Right Of First Refusal Agreement
A UAE-governed agreement granting one party the priority right to enter into a specified transaction before the other party can engage with third parties.
Download
Lease With Option To Buy Contract
UAE-governed agreement combining property lease terms with a future purchase option, compliant with local real estate laws and regulations.
Download
Option To Buy Contract
UAE-governed agreement granting the right to purchase specified assets at predetermined terms within an agreed timeframe.
Download
Vehicle Lease To Own Agreement
UAE-governed agreement establishing terms for vehicle leasing with an end-of-term purchase option, compliant with UAE Federal Laws and local regulations.
Download
Share Option Agreement
UAE-governed agreement setting out terms for granting share options, including vesting, exercise rights, and regulatory compliance requirements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s 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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)