This is a sample Option Agreement. An options contract is an agreement between two parties to facilitate a potential transaction involving an asset at a preset price and date. The form may be customized to suit your needs.
While it's not strictly necessary, having a lawyer is wise to ensure all legal bases are covered. Think of it as having a coach to guide you through the game—you want to make the right moves.
The duration of an Option Agreement can vary. Typically, it's anywhere from a few months to a couple of years, depending on what both parties agree upon. Think of it like setting a timer for your decision-making.