Define: Buyout Option
Buyout Option means an option in an agreement, allowing a counterparty to stop their involvement and purchase project-related facilities.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Buyout Option means an option in an agreement, allowing a counterparty to stop their involvement and purchase project-related facilities.
Relevant Circumstances
- Acquisition or disposal of assets
- Termination of vested interest in a project
- Changes in business partnerships or alliances