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22/03/2007 -
Tourism Brokers growing the industry series. The need to exercise an option |
option exercise dates are “drop dead dates”. In other words, if you miss the exercise period even by a single day, you lose your right to renew the agreement.
It goes without saying that if you miss the exercise date under the first option, the agreement comes to an end at the conclusion of the than current term and all subsequent options are likewise lost.
Col Myers from Small Myers Hughes Solicitors provides some comment you may need to note in the attached article
Document: 
SMH 2007 APRIL.pdf
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