Option to buy or sell
La. Civ. Code art. 2620
in effect2620. Option to buy or sell
An option to buy, or an option to sell, is a contract whereby a party gives to another the right to accept an offer to sell, or to buy, a thing within a stipulated time.
An option must set forth the thing and the price, and meet the formal requirements of the sale it contemplates.
Acts 1993, No. 841, §1, eff. Jan. 1, 1995.
Source: Louisiana State Legislature (legis.la.gov)URL: https://legis.la.gov/legis/Law.aspx?d=109680Fetched: 10/20/2026