Interesting. If Disney has this ability to do this it seems they could help enforce the sale if they waived. I suppose they really don't care to help resale purchasers.Seller is in fact forced to sell to Disney if ROFR is exercised.. There is no renegotiating or backing out.. If it reaches ROFR then you agree to accept a certain price for your contract.
Interesting. If Disney has this ability to do this it seems they could help enforce the sale if they waived. I suppose they really don't care to help resale purchasers.
They have the same legal authority to force the sale as would the buyer. The main difference is they have the legal means to actually do so. But I doubt they would. Historically they have allowed the buyer/seller to change the contract and resubmit. I haven't heard of that happening in some time though. Might be a good question for the bigger companies to ask their experience of late.Disney would not have any legal authority to "force" a buyer or seller to follow through with the contract once they waive. The only legal edge that Disney has during the resale process is the ability to step in as a buyer to complete a transaction. Once they waive their "ROFR" the completion of the sale is up to the buyer and seller. If one backs out after that point it would become a civil issue between the two parties.. I know when I first started my resale purchase I signed a contract.. This initial signing was not notarized or anything like that, but still a contract stating that I was purchasing. So if a buyer backs out at the end (or a seller) I could see a civil suit being filed, although, not sure how far that would go...
Interesting. If Disney has this ability to do this it seems they could help enforce the sale if they waived. I suppose they really don't care to help resale purchasers.