4 ms·

Is there even a reasonable situation where a one-sided "forbearance agreement" is ever appropriate? Or even remotely fair? That seems like basically writing up

• hkmurakami 14y ago
  An acquaintance told me a story where a neighbour in his condominium complex (who lived directly under him) asked for a right of first refusal for nothing in return if/when she eventually put her unit on the market... http://en.wikipedia.org/wiki/Right_of_first_refusal http://en.wikipedia.org/wiki/Right_of_first_refusal
  • biot 14y ago
    If the right of first refusal only applies to the asking price, there isn't much downside except if the market is hot and/or you have a highly sought-after place where multiple bidders push the price above the asking price. If that's not the case, set the asking price at an amount you're confident the market won't pay, and the psychological pressure of the neighbor having wanted right of first refusal might make them buy at your inflated price.
  • tomflack 14y ago
    Did they intend for it to be a formal contract? I feel that for every major, an introduction to business/contract law unit should be undertaken if only to educate people on the formal rules that surround the contracts everyone enters in to during their lives.
• vacri 14y ago
  I heard this used as an example against the legal uselessness of disclaimers on emails - they can't force you into a contract without your consent, and to be clearer, the example was given: "By reading this you agree to pay me $100 immediately"....
  • Ilmesnkie_Jones 14y ago
    That wouldn't be a valid contract for several reasons. What's the consideration, acceptance?
    • vacri 14y ago
      Sure, that's the point of the example. Phrased that way, this kind of contract is clearly one-sided and unenforceable.