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Option Agreement. Promise Of Sale. Right Of Pre-Reception

Author

Listed:
  • Nicolae GRADINARU

    ("Constantin Brancoveanu" University of Pitesti, Romania)

Abstract

In the case of the option pact regarding a sales contract on a determined individual asset (cert), between the date of conclusion of the pact and the date of exercise of the option or, as the case may be, that of the expiration of the option term, the asset that constitutes the object of the pact cannot be disposed of. The right of pre-emption is a priority right to purchase recognized by law for certain persons. The right of pre-emption is different from the right of preference which has a contractual nature. The right of preemption is a variant of the unilateral promise to sell, but in this situation the owner of the thing does not oblige himself to sell, but only to give preference to a person if he decides to sell a certain thing.

Suggested Citation

  • Nicolae GRADINARU, 2024. "Option Agreement. Promise Of Sale. Right Of Pre-Reception," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 9(3), pages 122-138.
    • Handle: RePEc:brc:brccej:v:9:y:2024:i:3:p:122-138
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    JEL classification:

    • K0 - Law and Economics - - General
    • K1 - Law and Economics - - Basic Areas of Law

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