Common use of Termination Option Clause in Contracts

Termination Option. For nominal consideration, the receipt of which is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal consideration, the receipt of which w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal consideration, the receipt of which w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will will will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.]

Termination Option. For nominal consideration, the receipt of which is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ 500 (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 5 days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal consideration, the receipt of which is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal considerationWithin one (1) business day after the Effective Date of this Contract, Buyer may deliver the receipt sum of which is hereby acknowledged $100.00, payable in cash or by Sellercertified or cashier’s check, and ▇▇▇▇▇'s agreement to pay the Seller $ (“Option Fee”) within 3 days after the effective date of this contract, Seller grants Buyer for the unrestricted right to terminate this contract Contract by giving notice of termination to Seller within seven (7) days after the effective date Effective Date of this contract Contract (“Option Period”). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property Lot is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract Contract and Buyer shall not have the unrestricted right to terminate this contractContract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money Money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Purchase Price at closingClosing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal consideration, the receipt of which w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.]

Termination Option. For nominal consideration, the receipt of which w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.. Contract Concerning Page 8 of 10 2-12-18 (Address of Property)

Termination Option. For nominal consideration, the receipt of which w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer ▇▇▇▇▇ gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will will will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.]

Termination Option. For nominal consideration, the receipt of which w hich is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date Effective Date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date Effective Date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer ▇▇▇▇▇ gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.the

Termination Option. For nominal consideration, the receipt of which is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.this

Termination Option. For nominal consideration, the receipt of which is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ (Option Fee) within 3 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within days after the effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.

Termination Option. For nominal consideration, the receipt of which is hereby acknowledged by Seller, and ▇▇▇▇▇'s agreement to pay Seller $ $450 (Option Fee) within 3 days after the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this contract by giving notice of termination to Seller within 7 days after the ❑ ❑ effective date of this contract (Option Period). Notices under this paragraph must be given by 5:00 p.m. (local time where the Property is located) by the date specified. If no dollar amount is stated as the Option Fee or if Buyer fails to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives notice of termination within the time prescribed, the Option Fee will not be refunded; however, any ▇▇▇▇▇▇▇ money will be refunded to Buyer. The Option Fee ❑will ❑will not be credited to the Sales Price at closing. Time is of the essence for this paragraph and strict compliance with the time for performance is required.