Rights of refusal, options, and offers — these terms often come up in farmland sales, but few sellers truly understand their impact. In this episode of The Farmland Exchange Podcast, host Devon Davidson is joined by Roy Carter, CEO of CLHbid.com, and Alle Carter, legal and executive team at CLHbid.com, to unpack the legal and practical implications of these clauses.
We’ll explore:
✅ What sellers need to know about Rights of First Refusal (ROFR) and Rights of First Offer (ROFO) — and the key differences between them.
✅ How ROFR and Options appear in leases and contracts, and the common pitfalls sellers encounter.
✅ Why tendering to a lawyer is considered an Offer in contract law, even without acceptance.
✅ Practical advice to help sellers navigate these complex clauses without leaving money on the table.
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