ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.

متابعة

What is a buyer’s option in legal terms?

user-image
تم إضافة السؤال من قبل Fazal Ebrahim Dawood , Chief Executive Officer , Stardist Ltd
تاريخ النشر: 2014/02/15
Nisar Khan
من قبل Nisar Khan , Sr.Buyer " Fashion Retail-Textile" , Fawaz Abdullaziz Al Hokair & Co.

When a sale is subject to this warning the purchaser assumes the risk that the product might be either defective or unsuitable to his or her needs.This rule is not designed to shield sellers who engage in fruad or bad faith dealing by making false or misleading representations about the quality or condition of a particular product. It merely summarizes the concept that a purchaser must examine, judge, and test a product considered for purchase himself or herself.

Imran Ahmad
من قبل Imran Ahmad , Sales Manager , Bahrain Steel Company

The buyer's option is advantageous to the buyer, who can choose to buy a greater or smaller quantity of product at a fixed price, depending on market conditions within a specific period of time with certain flexible payment terms. Under buyer option buyer can even cancel the contract in any unlikely event which is limited to market conditions, without any further Arbitration. Buyers options can be applied for material purchase, properties or services etc. 

 

Alexander Kurunthottical
من قبل Alexander Kurunthottical , 22+ Years of Procurement & Contracts Management , N A

Buyer's option is a contract between the buyer & seller wherein the buyer has the right but not the obligation for the purchase a product where the price, specifications and time period are fixed. (The contracted buyer has the right over any other buyer within the specified time period.) The right to buy may or may not be exercised. The product may be property, shares, currency etc. The contract is generally advantageous to the buyer.  Legalities of a contract will apply.

Jahabar Sadiq Ifthikar
من قبل Jahabar Sadiq Ifthikar , Senior Procurement Specialist , University of Hafr Al-Batin

The buyer's option is a settlement that calls for delivery and payment according to the number of days specified by the buyer. An agreement between a buyer and seller whereby a commodity purchase occurs at a specific price above a futures contract for an identical grade and quantity. 

المزيد من الأسئلة المماثلة

هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟