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OPTION TO PURCHASE and REAL ESTATE SALES CONTRACT 1. Parties: The parties to this agreement are Veblen Investments of 1284 Woodridge Drive Rapid City, So. DAK. 57701 here in referred to as Buyers
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Option to purchase refers to a legal document that gives one party the right to buy something from another party at a specified price within a specified period of time.
The party who wishes to exercise the option is required to file the option to purchase.
Option to purchase can be filled out by including all relevant details such as names of parties, description of property, price, expiration date, and signatures of both parties.
The purpose of option to purchase is to provide one party with the opportunity to buy something of value at a later date at a specified price.
Information such as names of parties, description of property, price, expiration date, and signatures of both parties must be reported on option to purchase.
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