Gandalf
Full Member
Buyback clause and right of first refusal. Can someone explain the difference between the two and why we would want both?
Buyback clause is a set figure triggered in certain circumstances, right of first refusal is we get first chocie to match any bid they accept and negotaite with the player. I know it is more complicated but the buyback might be fixed at 25M should we choose to initiate a move but the right of first refusal kicks in if they accept a bid from elsewhere for less than the clause, say 17M protecting our right to have first crack at negotiating with the player even if the price is below our buyback clause.