Posted by Bill on March 26, 2003 at 06:33:31:
John, thanks for your answer. I should have mentioned that my questions are from the stand point of me being the one who is acquiring the option. Also, what about the length of time issue? Thanks for your help!
Bill
Option Consideration - Posted by Bill Hubbell
Posted by Bill Hubbell on March 25, 2003 at 13:05:26:
Does it matter how much $ is given as option consideration depending on whether it is an exclusive option to purchase as opposed to a non-exclusive? Also, does the length of time for before the option expires affect the amount of $ needed for option consideration?
Bill
Re: Option Consideration - Posted by JHyre in Ohio
Posted by JHyre in Ohio on March 26, 2003 at 01:38:57:
From a tax standpoint, no. From a “fairness” standpoint as determined by a judge in a lawsuit, sure. If you take “too much” for a non-exclusive option, the agreement could be viewed as too unfair and nullified. Use common sense.
John Hyre