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URL:https://www.learndesk.us/class/4960291886465024/lesson/f894f20da7110aa27f8fa158e58a06d3?ref=outlook-calendar
SUMMARY:Contracts: Option Contracts
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/4960291886465024/lesson/f894f20da7110aa27f8fa158e58a06d3?ref=outlook-calendar
DESCRIPTION: Essentials
• Option or gives the option to option.• Unilateral contract: seller must perform, buyer need not.• If the option is exercised, the option becomes a bilateral sale contract.
Contract requirements 
• Non-refundable consideration for the option right.• Price and terms of the sale.• Option period expiration date.• Legal description.• Must be in writing.• Must meet contract validity requirements.
Common clause provisions 
• How to exercise the option.• Terms of option money forfeiture.• How option money will be applied to the purchase price.

https://www.learndesk.us/class/4960291886465024/lesson/f894f20da7110aa27f8fa158e58a06d3?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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