Why you should have a ‘right of first refusal’ clause in your billboard lease (Billboard Insider)
I agree with Insider that rights of first refusal are valuable tools for the billboard company. In addition to guarding against an unanticipated and unfriendly lessor, ROFR clauses also afford the billboard company the opportunity to acquire the land under its billboard at a favorable price, and to perhaps carve out an easement for the billboard and sell the remainder for a profit. […]
Thu, Jan 24, 2019 at 2:55 PM