Waiver of Preemption Rights Validity Upon Subsequent Formal Authorization

A party appealed a decision regarding the validity of a waiver of preemption rights, arguing that the waiver was invalid because the property owner had not obtained the formal authorization from the co-owner necessary to sell the entire property, despite the co-owner having previously agreed to the sale price and terms. The court dismissed the appeal, reasoning that the subsequent formal authorization obtained from the co-owner before the final deed formalized the agreement, rendering the initial lack of formal authorization irrelevant to the validity of the waiver of preemption rights, which had effectively been exercised based on the established terms.