An Option Agreement is a contract between two or more parties, granting one party the right to buy, sell, or otherwise control the assets of the other party. The agreement typically outlines the terms of the transaction, including the price, the length of time the option is valid, and any other conditions. Option Agreements can be used for a variety of purposes, such as granting someone the right to purchase property or granting an employee the right to purchase company stock. There are several types of Option Agreements, including Put Options, Call Options, Option to Purchase, and Option to Lease. Put Options grant the holder the right to sell the underlying asset at a specified price, while Call Options grant the holder the right to purchase the underlying asset at a specified price. Option to Purchase grants the holder the right to purchase the asset at a predetermined price within a certain time frame, while Option to Lease grants the holder the right to lease the asset at a predetermined price and for a specified length of time.
Non Exclusive Option Agreement
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