Buy Back Clauses in Sales Contracts

[LaurieB]

@OverandOnward

No one suggested that the clause would be “at the same price”.

That’s one of the major problems with those clauses. No price is mentioned. The current owner tends to be uncomfortable and uncertain about what they are expected to do, re the price for “buyback” or “right of first refusal”. It’s easier just to ignore the whole thing, and most of them seem to do just that.

Yes, OP said just that. See post #13.

“I’ve backed out of the sale as she won’t budge on the contract which states she can buy him back at the sale price if we decide to no longer keep him.”