Option given by one party (optionor) to another party (optionee) to purchase something. Some of the provisions included are: exercise price, exercise period, transfer of optioned goods, nonassignability of options, etc.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.