Right of First Refusal (ROFR)

A right of first refusal (ROFR) is a legal term that refers to the right of a person or entity to have the first opportunity to purchase or acquire something before it is offered to others. In the context of business and finance, a ROFR is often included in contracts or agreements as a means of protecting the interests of one party in the event that the other party decides to sell or transfer ownership of an asset or business.

For example, if a shareholder of a company has a ROFR, they have the right to purchase the shares of the company that are being offered for sale before they are offered to anyone else. A ROFR can be a valuable tool for protecting the interests of shareholders or other stakeholders in a business.

What is Finanshels?

What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels