Hi,
The purpose of OTP is to lock in the transaction price where neither seller or buyer can alter regardless of valuation. The seller cannot back out from the transaction now and can only sell to you.
You the buyer still have the right to choose not to exercise the OTP, forfeit the option fee and let the OTP expire. Thereafter the seller can sell to anyone.
Its between completing the deal at the agreed price or totally not taking it up. Otherwise, no deal can proceed where buyers and sellers keep changing their stance over slight expectation gap. Thanks and hope it clarifies.
Warm regards,
Ivan ERA
97432395
Ivanng10@gmail.com
Www.ivanng10.com
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