Right of First Refusal as to Interests Clause
(Joint Venture Agreement)

Summary

This Right of First Refusal as to Interests Clause may be included in a limited liability company operating agreement (also referred to as joint venture agreement). The capitalized terms and section references used in this clause should be conformed to the relevant joint venture operating agreement. For a full listing of key content covering real estate joint ventures (90/10 ownership split), see Real Estate Joint Venture Resource Kit (90/10 Real Estate Joint Venture). See Limited Liability Company Operating Agreement (Real Estate Joint Venture) for additional clauses and definitions to be contained in a joint venture operating agreement.