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hello my names dr. Bret Davies youre being asked what is the settlement date what is the option period what is the exercise date now lets talk about those terms now the option period is that period of time in which the person holding the option can exercise the option so lets say that option period might be 24 hours it could be a week could be 16 years it could be any length of time that the Grand Tour thats a person that owns the asset and the grantee thats a person that may or wants the right to buy the asset and when they grantee wants that time now why would you want lets say three months well its a property transaction and the grant team was to check with the local council to see if they actually can do this subdivision where they can build the home they want as their heritage on the home or whatever and that three-month period is what they feel is necessary during that three-month period the option period at any time during that three-month period the option holder can e
