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An option agreement gives a potential purchaser the future opportunity to buy an asset such as land, property or a business at a predetermined price or a price calculated with reference to an agreed formula within a specific timescale.

An option agreement often gives the potential purchaser the opportunity to risk funds or expertise in attempting to fulfill an event which will trigger the option such as attaining planning permission on development land.

If you would like more information please contact an experienced member of our team profiled on the right of this web page, telephone 0800 052 1541 or email business@wilson-nesbitt.com.