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Adam Leitman Bailey and John M. Desiderio, partners at Adam Leitman Bailey, P.C., write that because the courts will enforce whatever reasonable terms the parties themselves agree to include in a right-of-first-refusal clause, practitioners who draft a proper right of first refusal will be much less prone to trigger unexpected litigation disputes over the meaning of their agreements.
May 10, 2006 at 12:00 AM
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