law-right-of-first-refusal | real estate transaction and litigation case law |
RIGHT OF FIRST REFUSAL
A "right of first refusal" is a contract granting a party the first right to purchase the
subject property for the same amount offered by a bona fide purchaser. Tenneco, Inc.
v. Enter. Prods. Co., 925 S.W.2d 640, 644 (Tex. 1996). Source: 06-03-00165-CV
Durrett Development, Inc. v. Gulf Coast Concrete, LLC (Tex.App.- Houston [14th Dist.] Aug. 27, 2009) (Frost)
(real estate transaction, lease law, lease with purchase option, right of first refusal, declaratory judgment)
AFFIRMED: Opinion by Justice Frost
Before Justices Frost, Brown and Boyce
14-07-01062-CV Durrett Development, Inc. v. Gulf Coast Concrete, LLC
Appeal from 23rd District Court of Brazoria County
Trial Court Judge: BEN HARDIN