dCole

In negotiations with some new customers and have sent them all our standard Service Agreement. Some have asked for revisions but they have all been minor thus far.

One just came back and asked us to include additional language "giving them a Right of First Refusal (ROFR) to invest in all or a portion of the company, to ensure it is not sold to a competitor."

My primary customers right now are banks and they all seem to look at one another as a competitor regardless of how large or small they are.

The request initially seemed like a positive because I'm about to begin fundraising and I figured having a multi-billion dollar financial institution requesting the right to invest/purchase could be seen as plus to prospective investors. However, the more and more I think about i....I think it could potentially restrict growth and may be viewed as a negative by both customers and investors.

Has anyone else ever dealt with a scenario like this before?