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Right of First Refusal Agreement
Free right of first refusal agreement template — gives a party the first opportunity to buy an asset before the owner sells it to anyone else.
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This free right of first refusal agreement covers 1. Grant of Right, 2. Notice, 3. Response Period, 4. If Not Exercised, 5. Duration with 6 clearly marked [placeholder] fields to fill in — built for founders, freelancers, and small business owners formalizing a business decision or agreement without paying a lawyer to draft it from scratch. Copy it into your own word processor, fill in the placeholders, and review it — or adapt it — before use. It's part of docstoc's free document template library, alongside business, legal, real estate, finance, and HR templates. Every template here is free to copy with no signup required, and each one carries a plain disclaimer: this is a starting point for informational purposes, not a substitute for advice from a licensed professional in your jurisdiction.
Right of First Refusal Agreement
Owner: [Name] · Rights Holder: [Name] Asset: [Description — property, business interest, shares, etc.] · Date: [Date]
1. Grant of Right
If Owner receives a bona fide third-party offer to purchase the Asset described above, Owner will first offer Rights Holder the opportunity to purchase it on the same terms before accepting the third-party offer.
2. Notice
Owner will provide Rights Holder written notice of any such offer, including the price and material terms, within [Number] days of receiving it.
3. Response Period
Rights Holder has [Number] days from receiving notice to elect, in writing, to purchase the Asset on the same terms as the third-party offer.
4. If Not Exercised
If Rights Holder does not exercise this right within the response period, Owner may sell the Asset to the third party on the terms disclosed, but must offer the right of first refusal again if that specific sale doesn't close within [Timeframe].
5. Duration
This right remains in effect until [Date/event], unless earlier terminated by written agreement of both parties.
Owner: ______________________ Date: ____________ Rights Holder: ______________________ Date: ____________
*This document is provided for informational and educational purposes only and does not constitute legal advice. A right of first refusal can meaningfully reduce an owner's pool of interested buyers — some third parties won't bother making a serious offer knowing another party gets to match it — so owners should weigh that trade-off before granting one broadly.*
Edit directly in the box above. Download PDF anytime — the docstoc.io footer is always included and cannot be removed.
What's included
- Edit online — click the document, fill in placeholders, download a PDF
- 5 standard sections: 1. Grant of Right, 2. Notice, 3. Response Period, 4. If Not Exercised, 5. Duration
- 6 clearly marked [placeholder] fields for quick personalizing
- Free to use — no account or signup required
- Fully editable — adjust any clause to match your actual situation
- Includes a signature block, ready to print or sign digitally
- Fixed docstoc.io footer on every PDF (not removable)
Who this template is for
Freelancers & solo founders
Handling routine business paperwork without commissioning custom legal drafting for every document.
Small businesses
Standardizing recurring documents — leases, agreements, notices — across a growing operation.
Anyone reviewing before signing
Using a clear starting structure to understand what a document should cover, even if a lawyer finalizes it.
Early-stage businesses
Getting the basics documented before things get more complex.
FAQ
Is this right of first refusal agreement template really free?
Yes — this Right of First Refusal Agreement template on docstoc is free to view, edit online, and download as a PDF with no account or signup required.
What does this right of first refusal agreement cover?
This business template includes 1. Grant of Right, 2. Notice, 3. Response Period, 4. If Not Exercised. Fill in the [bracketed] placeholders, edit any clause online, then download a PDF — the docstoc.io footer stays on every export.
Is this legal advice?
No. This is a general-purpose starting structure, not advice for your specific situation. Business agreements can hinge on details — state of formation, industry-specific regulation, how a dispute would actually play out — that a template can't account for. Have a business attorney review anything that involves real money or real risk before you rely on it.
Can I edit the wording?
Yes — edit directly on the page, adjust any section or clause, and re-fill the 6 placeholder fields to match your situation before downloading a PDF. It's a starting structure, not a rigid script.
Where can I find more free templates like this?
Browse more free business and related document templates in the docstoc library at /document-templates/.
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