Contracts
A Wyoming 'right of first offer' differs from a 'right of first refusal' because:
AThey are identical rights with different names
BA right of first offer requires the owner to offer the property to the holder before offering it to third parties; a ROFR requires matching an outside offer✓ Correct
CA right of first offer applies only to commercial properties
DA right of first refusal cannot be waived; a right of first offer can
Explanation
A right of first offer (ROFO) requires the owner to offer the property to the ROFO holder (at the holder's price) before offering it to the public. A right of first refusal (ROFR) requires the owner to give the holder the right to match any bona fide offer from a third party.
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