Transfer of Membership Interest in a 50/50 Real Estate Joint Venture (Mutual Right of First Refusal) | Practical Law

Transfer of Membership Interest in a 50/50 Real Estate Joint Venture (Mutual Right of First Refusal) | Practical Law

A transfer of membership interests provision with a mutual right of first refusal (ROFR) for use in a limited liability company (LLC) operating agreement for a real estate joint venture formed between two members having equal interests. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Transfer of Membership Interest in a 50/50 Real Estate Joint Venture (Mutual Right of First Refusal)

by Practical Law Real Estate
Maintained • USA (National/Federal)
A transfer of membership interests provision with a mutual right of first refusal (ROFR) for use in a limited liability company (LLC) operating agreement for a real estate joint venture formed between two members having equal interests. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.