Question: Consider the Franchise Agreement between The Joint Corp. and Franchise Owner; Does this contract include any right of first refusal, right of first offer, or right of first negotiation?
Relevant contract clauses:
[{"span": [114738, 115200], "answer": "If you or any of your Principal Owners wishes to Transfer any Interest, we will have a right of first refusal to purchase that Interest as follows. The party proposing the Transfer (the \"transferor\") must obtain a bona fide, executed written offer (accompanied by a \"good faith\" earnest money deposit of at least five percent (5%) of the proposed purchase price) from a responsible and fully disclosed purchaser, and must submit an exact copy of the offer to us.", "file_path": "cuad/JOINTCORP_09_19_2014-EX-10.15-FRANCHISE AGREEMENT.txt"}, {"span": [115351, 115830], "answer": "We have the right, exercisable by delivering written notice to the transferor within fifteen (15) days from the date of last delivery to us of the offer and any other documents we have requested, to purchase the Interest for the price and on the terms and conditions contained in the offer, except that we may substitute cash for any form of payment proposed in the offer, and will not be obligated to pay any \"finder's\" or broker's fees that are a part of the proposed Transfer.", "file_path": "cuad/JOINTCORP_09_19_2014-EX-10.15-FRANCHISE AGREEMENT.txt"}, {"span": [116684, 116883], "answer": "If the proposed Transfer includes assets not related to the operation of the Franchise, we may purchase only the assets related to the operation of the Franchise or may also purchase the other assets", "file_path": "cuad/JOINTCORP_09_19_2014-EX-10.15-FRANCHISE AGREEMENT.txt"}, {"span": [116975, 117559], "answer": "If we do not exercise our right of first refusal, the transferor may complete the sale to the Proposed New Owner pursuant to and on the terms of the offer, as long as we have approved the Transfer as provided in this Section 14. You must immediately notify us of any changes in the terms of an offer. Any material change in the terms of an offer before closing will make it a new offer, revoking any previous approval or previously made election to purchase and giving us a new right of first refusal effective as of the day we receive formal notice of a material change in the terms.", "file_path": "cuad/JOINTCORP_09_19_2014-EX-10.15-FRANCHISE AGREEMENT.txt"}, {"span": [117740, 118164], "answer": "Any later proposal to complete that proposed Transfer will be deemed a new offer, giving us a new right of approval and right of first refusal effective as of the day we receive formal notice of the new (or continuing) proposal. We will not exercise a right of first refusal with respect to a proposed Transfer of less than a controlling interest to a member of a Principal Owner's immediate family or to your key employees.", "file_path": "cuad/JOINTCORP_09_19_2014-EX-10.15-FRANCHISE AGREEMENT.txt"}, {"span": [127322, 127833], "answer": "Upon the termination or expiration of the Franchise, we will have the option, but not the obligation, exercisable for thirty (30) days upon written notice to you, to purchase at fair market value all of the assets of the Franchise, including all approved equipment, fixtures, furniture and signs and all supplies, materials, and other items imprinted with any Mark, and to take an assignment of the lease for the Premises and any other lease or concession agreement necessary for the operation of the Franchise.", "file_path": "cuad/JOINTCORP_09_19_2014-EX-10.15-FRANCHISE AGREEMENT.txt"}]