Option Period

Option Period

In Texas, a short period of time during which a seller of real estate may not to sell to anyone other than the person or entity who placed a bid. This gives the potential buyer time to perform inspections without placing his/her earnest money at risk. The potential buyer pays a non-refundable option fee, which is distinct from earnest money, in order to take advantage of an option period.
References in periodicals archive ?
a modification to exercise the first option period for the agency's Langley Research Center Information Technology Enhanced Services (LITES) task-order contract.
During the second option period Cadence may exercise its option to acquire Incline for an amount not to exceed $228 million plus payment of an additional amount not to exceed $57 million, related to a certain milestone.
They now kick in to the option period of the contracts they signed a couple of years ago.
Prior to completing any acquisition during 2006, we have successfully secured the opportunity to work closely with Virosome Biologicals through the option period whilst their lead trial progresses.
The task order has a 14-month base period and one-year option with a potential value of $11 million, inclusive of the option period.
If the stock price does not exceed a deemed cost of capital return for the five-year option period, the options are worthless.
The contract has a 2-year base period and allows for an additional 3-year option period.
6m; the first option period has an estimated value of USD18.
has exercised its right to extend the option period in which Ciba shall maintain an exclusive right to negotiate a Canadian license for HYAL- AT2101 (HYANALGESEo-D), Hyal's topical pain product.
The option period means the ability to extend the contract on the original terms.
The agreement allows for a six month option period during which Kissei will explore issues related to specific patient markets and regulatory requirements for Salagen Tablets in Japan.