Options definition: Copy, customize, and use instantly
Introduction
The term "Options" refers to contractual rights that grant a party the ability, but not the obligation, to take a specific action under defined conditions. It is essential for outlining rights in transactions, investments, and agreements, ensuring clarity in decision-making and execution.
Below are various examples of how "Options" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Options" as contractual rights
This definition ties "Options" to rights granted under an agreement.
"Options" means the contractual rights granted to a party to purchase, sell, or perform specific actions under predetermined terms and conditions.
Definition of "Options" as stock options
This definition connects "Options" to equity compensation plans.
"Options" refers to rights granted to an individual, under a stock plan or agreement, to purchase shares at a specified exercise price within a defined period.
Definition of "Options" as purchase rights in commercial contracts
This definition links "Options" to the right to buy goods or services under specified terms.
"Options" means the right to purchase goods, services, or assets at agreed-upon prices and conditions, as stipulated in a commercial agreement.
Definition of "Options" as financial derivatives
This definition applies "Options" to financial instruments that provide the right to trade securities.
"Options" refers to derivative contracts that grant the right, but not the obligation, to buy or sell underlying assets at a predetermined price before or at the expiration date.
Definition of "Options" as contractual rights
This definition ties "Options" to rights granted under an agreement.
"Options" means the contractual rights granted to a party to purchase, sell, or perform specific actions under predetermined terms and conditions.
Definition of "Options" as stock options
This definition connects "Options" to equity compensation plans.
"Options" refers to rights granted to an individual, under a stock plan or agreement, to purchase shares at a specified exercise price within a defined period.
Definition of "Options" as purchase rights in commercial contracts
This definition links "Options" to the right to buy goods or services under specified terms.
"Options" means the right to purchase goods, services, or assets at agreed-upon prices and conditions, as stipulated in a commercial agreement.
Definition of "Options" as financial derivatives
This definition applies "Options" to financial instruments that provide the right to trade securities.
"Options" refers to derivative contracts that grant the right, but not the obligation, to buy or sell underlying assets at a predetermined price before or at the expiration date.
Definition of "Options" as lease extension rights
This definition ties "Options" to tenant rights in lease agreements.
"Options" means the right of a tenant to extend the term of a lease under conditions set forth in the lease agreement.
Definition of "Options" as voting rights in governance
This definition connects "Options" to governance and shareholder rights.
"Options" refers to the ability of a shareholder, board member, or stakeholder to exercise specific voting rights under the terms of an agreement or charter.
Definition of "Options" as buyout rights in joint ventures
This definition links "Options" to buyout rights in partnerships or joint ventures.
"Options" means the contractual right of a party to acquire the interest of another party in a joint venture or partnership, subject to agreed-upon terms.
Definition of "Options" as termination choices in contracts
This definition applies "Options" to contractual termination rights.
"Options" refers to the right of a party to terminate an agreement under predefined conditions, without penalty or liability beyond what is specified in the contract.
Definition of "Options" as licensing rights
This definition ties "Options" to intellectual property licensing.
"Options" means the right granted to a party to acquire or license intellectual property, patents, trademarks, or other proprietary rights under specific terms.
Definition of "Options" as merger and acquisition provisions
This definition connects "Options" to rights in M&A transactions.
"Options" refers to contractual rights in a merger or acquisition agreement that allow a party to accept, decline, or modify terms before completion of the transaction.
Definition of "Options" as preferential purchasing rights
This definition links "Options" to rights of first refusal in transactions.
"Options" means the right of a party to purchase specific goods, shares, or assets before they are offered to third parties, subject to agreed-upon conditions.
Definition of "Options" as employment agreement benefits
This definition applies "Options" to benefits in employment contracts.
"Options" refers to the right of an employee to receive certain benefits, including stock options, incentive compensation, or flexible work arrangements, as provided in an employment agreement.
Definition of "Options" as real estate purchase rights
This definition ties "Options" to property transactions.
"Options" means the right of a buyer to purchase real estate at a specified price within a defined timeframe, subject to conditions in the purchase agreement.
Definition of "Options" as redemption rights in financing agreements
This definition connects "Options" to redemption provisions in financial instruments.
"Options" refers to the right of an investor or issuer to redeem bonds, preferred shares, or other securities before maturity under specified terms.
Definition of "Options" as expansion rights in franchise agreements
This definition links "Options" to franchise growth provisions.
"Options" means the right granted to a franchisee to open additional locations or expand operations within designated areas, subject to franchisor approval.
Definition of "Options" as buyback provisions in supplier contracts
This definition applies "Options" to supplier agreements.
"Options" refers to the contractual right of a supplier or manufacturer to repurchase unsold inventory under agreed-upon conditions.
Definition of "Options" as exclusivity clauses
This definition ties "Options" to exclusivity agreements.
"Options" means the right of a party to negotiate or conduct business exclusively with another party for a specified period.
Definition of "Options" as pricing flexibility in service agreements
This definition connects "Options" to pricing structures in contracts.
"Options" refers to the ability of a party to adjust pricing models, discounts, or payment terms within the scope of a service agreement.
Definition of "Options" as investor conversion rights
This definition links "Options" to convertible securities.
"Options" means the right of an investor to convert preferred shares, bonds, or other convertible instruments into common stock under agreed-upon terms.
Definition of "Options" as early exit provisions in investments
This definition applies "Options" to exit strategies.
"Options" refers to the right of an investor or stakeholder to exit an investment before the agreed-upon term, subject to penalties or restrictions.
Definition of "Options" as co-sale rights in shareholder agreements
This definition ties "Options" to shareholder transactions.
"Options" means the right of minority shareholders to participate in a sale of shares by majority shareholders, ensuring equal treatment in liquidity events.
Definition of "Options" as contingent liabilities in agreements
This definition connects "Options" to risk allocation.
"Options" refers to the conditional rights of a party to assume or avoid financial obligations based on future events outlined in a contract.
Definition of "Options" as deferred compensation elections
This definition links "Options" to employee compensation plans.
"Options" means the right of an employee to defer salary, bonuses, or other compensation under tax-advantaged programs.
Definition of "Options" as milestone-based incentives
This definition applies "Options" to performance-driven agreements.
"Options" refers to the rights granted to a party to receive payments, equity, or other incentives upon achieving specific milestones in a contractual relationship.
Definition of "Options" as financial instruments
This definition ties "Options" to tradable contracts.
"Options" means contracts that grant the holder the right, but not the obligation, to buy or sell an asset at a predetermined price on or before a specified date.
Definition of "Options" as contractual rights in agreements
This definition connects "Options" to non-financial contracts.
"Options" refers to contractual rights granted to a party, allowing them to make a specific decision or take an action within a defined period under agreed conditions.
Definition of "Options" as equity-based incentives
This definition links "Options" to employee compensation.
"Options" means the right granted to an individual, typically an employee or executive, to purchase company stock at a fixed price within a specified timeframe, subject to vesting conditions.
Definition of "Options" as purchase rights in commercial contracts
This definition applies "Options" to procurement and supply agreements.
"Options" refers to the right of a buyer to purchase additional goods or services under pre-agreed terms, exercisable within a specific period.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.