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WISE.WE (DO NOT DELETE) 8/9/2010 11:33 AM FIRST-REFUSAL RIGHTS UNDER TEXAS LAW Robert K. Wise, * Andrew J. Agenda, ** and Thomas F. Lillard*** I. II. Introduction ............................................................................435
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First-refusal rights under texas allow a party to have the first opportunity to purchase or lease a property before it is offered to others.
Any party who has a first-refusal right for a specific property is required to file with the appropriate authority in Texas.
To fill out first-refusal rights under Texas, the party must include the details of the property, the terms of the first-refusal right, and any other relevant information.
The purpose of first-refusal rights under Texas is to protect the party's interest in a property by giving them the first opportunity to purchase or lease it.
The information that must be reported on first-refusal rights under Texas includes the address of the property, the terms of the first-refusal right, and any other relevant details.
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