Waiver of Rights of Refusal
Waiver of Rights of Refusal
This Waiver of Rights of Refusal (the "Waiver") is made and entered into on the May 15, 2055, by and between:
Party A: [Your Name], Jersey City, NJ 07302
Party B: Dayton Rohan, Jersey City, NJ 07302
Recitals:
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Right of First Refusal: [Your Name] and Dayton Rohan are parties to a certain agreement dated January 10, 2050 (the "Agreement"), under which [Your Name] has been granted the Right of First Refusal regarding the purchase of the commercial property located at Jersey City, NJ 07302.
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Desire to Waive Rights: [Your Name] now wishes to waive their Right of First Refusal to allow Dayton Rohan to proceed with the sale of the commercial property located at Jersey City, NJ 07302, to other parties without requiring prior refusal from [Your Name].
Agreement:
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Waiver: [Your Name] hereby waives their Right of First Refusal as set forth in the Agreement. This waiver is limited to the specific transaction involving the sale of the commercial property located at Jersey City, NJ 07302, and does not affect any other rights or obligations under the Agreement.
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Effect of Waiver: By executing this Waiver, [Your Name] acknowledges and agrees that they shall have no right to refuse or object to the sale, transfer, or offering of the commercial property located at Jersey City, NJ 07302, to any third party. Dayton Rohan is free to proceed with the transaction without further notice to or consent from [Your Name].
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No Further Claims: [Your Name] agrees not to assert any claim or take any legal action based on the Right of First Refusal in relation to the specific transaction mentioned in this Waiver.
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Governing Law: This Waiver shall be governed by and construed in accordance with the laws of the State of New Jersey, without regard to its conflict of law principles.
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Entire Agreement: This Waiver constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements, understandings, and representations, whether oral or written, relating to the same.
IN WITNESS WHEREOF, the parties have executed this Waiver as of the date first above written.
Party A:
[Your Name]
Property Owner
Party B:
Dayton Rohan
Purchaser
Notary Public:
Emily Davis
[Notary Public Seal]
