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Disadvantages of option agreements for landowners The main disadvantage of option agreements for sellers is that there is no guarantee of sale, seeing as the buyer only has the option to buy. In addition, the property will not be put on the open market for third parties to make offers.
emption agreement is almost the reverse of an option agreement. In this case, it is for the seller to decide whether or not it actually wants to sell the land. If it does, the seller must first offer to sell the land to the buyer, during the period of the preemption agreement.
Shopping Agreement The agreement typically outlines the terms of the deal, including the commission the producer will receive if the project is sold and any deadlines or restrictions on shopping the project around.
Under a Promotion Agreement, the developer ('promoter') agrees to promote the land through the planning process, to secure planning permission for development. Provided planning permission is granted, the promoter agrees to market the land to secure buyers.
An option agreement is made between a writer and a producer and grants the producer an exclusive option to buy the rights in the writer's work. A ?shopping? agreement allows the producer to represent the work but gives the producer fewer rights than an option and typically lasts for a shorter period.