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Option Contract
A legal agreement that grants a party the right, but not the obligation, to buy or sell an asset at a predetermined price and within a specified time frame.
Lease Agreement
A contract in which one party agrees to rent property owned by another party for a specified period of time, in exchange for payment.
Offer Agreement
A detailed proposal by one party to enter into a contract, subject to acceptance by another party.
Adhesion Contract
A standardized contract prepared by one party, with little to no negotiation allowed, often in situations with unequal bargaining power.
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