Article 429.2: Options for the conclusion of a contract

1. By virtue of an agreement providing an option for the conclusion of a contract (opposition for the conclusion of a contract), one party, by means of an irrevocable offer, grants the other party the right to conclude one orn How many contracts under the terms of the option are available for payment or other counter-offer, unless otherwise provided by the agreement, to that number The other party is entitled to conclude a contract by accepting such an offer in the order, time and conditions provided for in the option. the application of a contract may be provided that acceptance is possible only if a certain condition of such an option is reached, including that which depends on the will of one party. and the conclusion of a contract is not fixed for acceptance of an irrevocable offer, this period shall be deemed to be equal to one year unless the substance of the contract or custom otherwise indicates. 3. There is no other provision in the contract, payment under it shall not be counted as payment under the contract concluded on the basis of an irrevocable offer and shall not be refundable in the event that there is no acceptance. The option for the conclusion of a contract should contain conditions that would permit the determination of the subject matter and other essential terms of the contract to be concluded. 5. The option for the conclusion of a contract shall be in the form prescribed for the contract to be concluded. 6. An option to conclude a contract may be included in another agreement, unless the substance of the agreement otherwise indicates. 8. The characteristics of certain types of options for concluding a contract may be established by law.