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hello my name is dr. Brett Davies Im a barrister and solicitor at legal consolidated congratulations youre just about to start building your option agreement well they are marvelous absolutely marvelous vehicles my PhD my doctorate was on option agreements or the tax implications of them and its very exciting well I dont think it would be very excited about my PhD paper but its actually on the web so if youd like to read the 480 pages but lets talk about your option agreement that youre building well why would you need an option agreement well it gives the person that would like to buy the asset to be property shares a caravan it gives that person a right to buy it at some time in the future maybe tomorrow maybe in 3 months time major than the option period is 6 months so that person that grantee has six months in which to purchase that asset for what for what price the price is said in the option agreement whats the settlement date you get to put that in maybe its 28 days fr