Right of First Offer or Right of First Refusal
It is not uncommon for Managed Service Providers or MSPs to be owned by multiple parties. Normally, we see a technical person partner with a marketing and sales oriented individual. They should have a buy - sell agreement. Should it contain a "right of first refusal" or a "right of first offer?" In today's MSP merger-mania environment, a right of first offer is probably the more fair method of resolving ownership succession.
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