• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Right of first refusal

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

Jerbo1975

Junior Member
What is the name of your state (only U.S. law)? Pennsylvania
An elder farmer sold a 20 acre parcel of his land to buy out other relatives in the will Due to the land selling slowly, a buyer proposed a rofr Unfortunately the 80 year old farmer, who still owns 130 acres did not fully understand but still signed the documents He tried to back out last minute but the buyer threatened to sue The buyer is a developer As a friend, I have read the rofr many of times He has only realized the ramifications years later We have gone to 2 lawyers just to see if anything can be done and were told that because he signed off on the contract that nothing can be done This is in Pennsylvania He wishes to keep the land green to hunt and farm now and in the future after he passes Would anyone have additional suggestions to challenge or is this a done deal?
 


LdiJ

Senior Member
What is the name of your state (only U.S. law)? Pennsylvania
An elder farmer sold a 20 acre parcel of his land to buy out other relatives in the will Due to the land selling slowly, a buyer proposed a rofr Unfortunately the 80 year old farmer, who still owns 130 acres did not fully understand but still signed the documents He tried to back out last minute but the buyer threatened to sue The buyer is a developer As a friend, I have read the rofr many of times He has only realized the ramifications years later We have gone to 2 lawyers just to see if anything can be done and were told that because he signed off on the contract that nothing can be done This is in Pennsylvania He wishes to keep the land green to hunt and farm now and in the future after he passes Would anyone have additional suggestions to challenge or is this a done deal?
If two lawyers have said that its a done deal, then its really a done deal. However, and ROFR only means that the developer gets first dibs. If someone else outbids him, then he doesn't get to purchase the property. At least I assume that the elderly gentlemen didn't set a specific price in the ROFR contract?
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top