Leonard A. Bellavia will be a speaker at the New Jersey Regional Auto Dealers Seminar on October 16 in Hackensack, NJ. and will discuss The Latest Factory Intrusions: The Right of First Refusal in Buy-Sells.
Mr. Bellavia will address the recent proliferation of factory disruptions of the buy-sell process through the rebuffing of buyers in signed buy-sell agreements by the exercise of the right of first refusal (ROFR) in order to exert further control over who enters the dealer network.
Discussion points will include:
. Dealers are paying more attention to the ROFR provision in dealer sales and service agreements as the right is being exercised more frequently
. Both buyers and sellers are being adversely affected by imperfectly executed ROFRs, and resulting litigations have been filed in the last two years to sort out the respective rights of the parties
. The challenges that both buyers and sellers face regarding ROFRs
. How to understand the language in buy-sell agreements so that the likelihood of a factory ROFR and its ensuing problems and delays is reduced