Option Agreement
Legal definition for Indian law research
Definition
Option agreement, means a share transfer restric-tion that commits the shareholder to sell, but not the corporation or other shareholders to buy, the shareholder's shares at a fixed price when a specified event occurs, Black's Law Dictionary, 7th Edn., p. 1122.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.