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Home / Top Legal News / Right of first refusal didn’t roll over with lease (access required)

Right of first refusal didn’t roll over with lease (access required)

A store owner who had held a right of first refusal to purchase the shop from which it operated lost that right when it failed to renew its multi-year lease and the lease reverted to a year-to-year tenancy by law, a divided North Carolina Court of Appeals has ruled in a case of first impression. Jackson’s ...

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