Common use of expire Clause in Contracts

expire. If the option expires, the buyer has elected not to exercise the right, and the seller of the option is relieved of the obligation to perform.

Appears in 3 contracts

Samples: Option Agreement, Option Agreement, Options Agreement

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expire. If the option expires, the buyer has elected not to exercise the right, their right and the seller of the option is relieved of the their obligation to perform.

Appears in 3 contracts

Samples: Option Agreement, Option Agreement, Option Agreement

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