Pitch Dictionary by pitch.dog
Options, shopping & attachments · Core

Option extension

ELI5

An additional period extending the option, usually under stated payment and notice terms.

Used in conversation

“The budget needs to show option extension clearly before approval.”

Pitch context

You may encounter “Option extension” in rights, contracts, finance, distribution & labour conversations or materials.

Why it matters: Explains who controls, pays for, approves, exploits or bears risk around a project.

Caution

Meaning and consequences may change by contract, collective agreement, territory or law. This entry is orientation, not legal advice.

Sources & evidence · 8

Supporting source families. This entry is an editorial synthesis rather than a quotation from one canonical glossary.