First Right Of Refusal

Summary

If your business partner is selling the restaurant without honoring your first right of refusal, review your partnership agreement for any relevant clauses. Determine if theres a breach of contract and consider seeking legal advice to explore your options and enforce your rights.

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I was given first right of refusal to purchase a restaurant
That's an interesting situation. First rights of refusal can be quite complex. Are you currently in any negotiations or have you received any offers regarding the restaurant?
I was given first right of refusal to buy out my business partner from our restaurant business. Without acknowledging my offer, my partner went behind my back and placed the business up for sale
It seems like your partner might be breaching the first right of refusal agreement. Here are some general points to consider:
- Review the partnership agreement and any clauses about the first right of refusal.
- Determine if there's a breach of contract.
- Seek legal advice to explore your options and possibly enforce your rights.
Would you like assistance connecting with local lawyers who can better assist you with this matter?