TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Options to purchase a legal estate(including options to renew a lease) must be registered in the Land Registry under the "Land Charges Act, "1972, as estate contracts, or they will be void against a purchaser for value(with or without notice), for money or money's worth; but the grantee of the option will be entitled to damages against the grantor if he has put it out of his power to perform the contract. [Jowitt, 2nd ed., 1977, p. 1289].  1, record 1, English, - grantee%20of%20an%20option

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

preneur d'option : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 1, French, - preneur%20d%27option

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

An option may be described as a right usually acquired by contract to accept or reject a continuing offer within a prescribed period. When supported by consideration it constitutes an irrevocable offer binding on the grantor of the option. The person in whose favour it is made, the grantee, assumes no obligations. An option to purchase land, for instance, is not a contract for the sale and purchase of land. Under the latter one party is bound to sell and the other is bound to buy, whereas an option simply gives the grantee a right to purchase without any obligation to do so.(Barnsley, p. 1)  1, record 2, English, - option

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 OBS

option : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 2, French, - option

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 OBS

An enforceable option to purchase land confers on the grantee, Y, a right to call for a conveyance of the land from the grantor, X, provided that Y complies with all the terms of the option. Where X and Y are strangers between whom no other legal relationship exists, the option is commonly termed an option in gross.... An option may also be conferred on a tenant to purchase the freehold reversion. An option contained in a lease differs from an option in gross only in the respects that the grantor and the grantee stand in the relationship of landlord and tenant, and that the contract creating it is made part of the terms on which the lease is granted....(Barnsley, "Land Options", p. 2)  1, record 3, English, - option%20in%20gross

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

option indépendante : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 3, French, - option%20ind%C3%A9pendante

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 OBS

An option to purchase is, in effect, an offer to sell, irrevocable for a stated period or until a stated event, made by the grantor of the option to the grantee, which the grantee is entitled to convert into a concluded contract of purchase on giving the prescribed notice and otherwise complying with the conditions on which the option is made exercisable in any particular case.(42 Hals., 4th ed., p. 20).  1, record 4, English, - contract%20of%20purchase

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 OBS

Le terme désigne aussi le document.  2, record 4, French, - contrat%20d%27achat

Record number: 4, Textual support number: 2 OBS

contrat d'achat : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 4, French, - contrat%20d%27achat

Record number: 4, Textual support number: 3 OBS

Solution valable aussi pour le sens métonymique.  1, record 4, French, - contrat%20d%27achat

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

The stock lock-up involves the purchase, or the granting of an option to purchase, of authorized but unissued shares of stock of the target company. Stock lock-ups have the effect of making an acquisition of the company more expensive for a competing bidder and/or of enabling the grantee to successfully defeat any corporate action by a competing bidder.  3, record 5, English, - stock%20lock%2Dup

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 DEF

Entente aux termes de laquelle la société cible accorde à l'acquéreur éventuel le droit d'acheter des actions de trésorerie sous certaines conditions, de manière à protéger la transaction projetée et à décourager les offres inamicales.  1, record 5, French, - blocage%20par%20option%20d%27achat%20d%27actions

Record 5,  Textual support,  Spanish