any mistakes? or improvment would be perfect , thanks
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It is often very difficult to understand a single paragraph of a contract in isolation from the rest of the contract. Context is usually required in order to understand the paragraph. In reading what you wrote, I came to certain conclusions that my "corrected" paragraph set forth below is based on. If my conclusions are incorrect, then my "corrections" are also wrong, and I apologize.
Here is how I understand your paragraph: (1) Party A owns land; (2) Party A leases the land to Party B; (3) Party A may wish to convey (transfer) ownership of the land to someone; (4) Party B has a "priority" right (a "right of first refusal") to buy (purchase) the land on the same terms that Party A offers the land to someone else; (5) if Party A wishes to convey the land to a strategic partnership or related party which is not a competitor of Party B, Party B will give up its right of first refusal, and Party A shall not require Party B’s approval in order to convey the land to its strategic partnership or related party; and (6) Number 5 concerning conveying the premises to a strategic partnership etc. is contingent (on the condition) that a certain other agreement and its attachments be implemented during the lease term.
Here is suggested language for the lease:
On the condition that the agreement and the related attachments are implemented during the lease term, if Party A wishes to convey or otherwise transfer the premises which are the subject matter of this lease to either a strategic partnership or related party of Party A which is not a competitor of Party B, Party B agrees to release its right of first refusal to purchase the premises, and Party A shall not require the approval of Party B in order to convey or otherwise transfer the premises.
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