Option

The Option e-greement can be used if you intend to purchase a property for future development. An option may be preferable over an outright purchase in those instances where a buyer may first need to acquire additional investment,  permits and zoning, or to attract talent and other resources to a project. An option also provides leverage to someone who may just want to speculate in a fast moving market. While commonly used to acquire rights to a creative work or for real estate development, this e-greement is a versatile document that allows parties to memorialize an agreement to option broad range of items.