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Option to Purchase Package Nebraska  Form

Option to Purchase Package Nebraska Form

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Instructions and help about Option To Purchase Package Nebraska

let's talk about option contracts versus outright purchase contracts i was asked this question recently so i wanted to answer it is that what is an option contract specifically related to raw land that has development potential and the reason i'm saying that specifically is because our contracts are often longer term time frames and have many contingencies in them so legal you know legal counsel attorneys professionals will sometimes refer to our structure of our contract even though our contract is called a purchase and sale agreement some of the legal counsel out there will call it more of an option contract which here nor there i don't care they can use whatever terminology they want but because of the time frame and because of the contingencies it is a lot like an option and it is and the reason they call it an option contract is that you have the option to purchase the property okay where an outright purchase contract which is the terminology the individual

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