mutual option

USAGE SUMMARY

The phrase "mutual option" is correct and usable in written English.
It can be used in contexts where two parties have a shared choice or agreement regarding a decision or action. Example: "The contract includes a mutual option for both parties to extend the agreement for an additional year."

✓ Grammatically correct

News & Media

Formal & Business

Wiki

Human-verified examples from authoritative sources

Exact Expressions

43 human-written examples

His new deal contains a mutual option for 2012.

The New York Times

Last year's deal did not include a mutual option.

The New York Times - Sports

The extension includes a mutual option for 2005.

The New York Times - Sports

It includes a mutual option for 2007 that could increase the value to $43 million.

The New York Times - Sports

Oswalt's contract has a $16 million mutual option for 2012 with a $2 million buyout.

The New York Times - Sports

The team announced a deal Monday that included a mutual option for the 2012 season.

The New York Times - Sports

Human-verified similar examples from authoritative sources

Similar Expressions

15 human-written examples

Most contracts have mutual options for the second year, not team-only options, he said.

The New York Times - Sports

The document says this will include "options for private sector involvement and greater diversity of provision, as well as considering other commercial and mutual options".

Independent

The World Series champion Royals have declined mutual options on right fielder Alex Rios and starting pitcher Jeremy Guthrie.

Los Angeles Times

The Rangers, who signed Guerrero for $6.5 million — with a mutual 2011 option for $9 million — did not need much convincing.

The New York Times - Sports

A MUTUAL FUND OPTION Almost 71percentt of all diversified stock funds returned more than 10percentt in 1999.

The New York Times

Expert writing Tips

Best practice

When drafting contracts, clearly define the conditions under which a "mutual option" can be exercised to avoid ambiguity and potential disputes.

Common error

Avoid assuming that a "mutual option" automatically benefits both parties equally; carefully consider individual circumstances and potential outcomes for each side before agreeing to its inclusion.

Linguistic Context

The phrase "mutual option" functions as a noun phrase, typically modifying another noun such as "agreement" or "contract". It describes a specific type of clause where both parties have the right to make a decision. Ludwig AI confirms this is standard usage.

Expression frequency: Very common

Frequent in

News & Media

50%

Formal & Business

30%

Wiki

20%

Less common in

Science

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "mutual option" is a common and grammatically correct term, according to Ludwig AI, used primarily in contractual settings. It signifies an option that both parties involved in an agreement have the right to exercise. Its frequent usage in news, business, and general contexts underscores its broad applicability. When employing this term, ensure the conditions for exercising the option are clearly defined to prevent misunderstandings. While synonyms like "joint option" and "shared option" exist, "mutual option" remains the most widely recognized and readily understood phrasing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

joint option

Replaces "mutual" with "joint", emphasizing the shared nature of the option.

shared option

Substitutes "mutual" with "shared", highlighting the collaborative aspect.

bilateral option

Uses "bilateral" instead of "mutual", stressing the two-sided agreement.

agreed-upon option

Rephrases the concept to focus on the agreement leading to the option.

reciprocal option

Employs "reciprocal" to emphasize the give-and-take nature of the option.

option by agreement

Rearranges the words to highlight that the option arises from an agreement.

mutually agreed option

Adds "agreed" to reinforce the consensual nature of the option.

option subject to mutual consent

Expands on the phrase to explicitly state the need for mutual consent.

option requiring mutual approval

Highlights the need for approval from both parties to exercise the option.

dual option

Uses "dual" to refer to the two parties involved in the decision.

FAQs

How is a "mutual option" typically used in a contract?

A "mutual option" grants both parties the right, but not the obligation, to extend or renew an agreement under specified terms. Its inclusion requires careful consideration by both parties.

What happens if both parties don't agree to exercise a "mutual option"?

If either party declines to exercise the "mutual option", the contract typically expires according to its original terms, unless otherwise specified.

Which is correct, "mutual option" or "mutually agreed option"?

Both phrases are acceptable, but "mutual option" is more concise and commonly used. "Mutually agreed option" emphasizes the consensual aspect.

What are some synonyms for "mutual option"?

Synonyms include "joint option" and "shared option", which convey the idea of a choice or agreement held by two or more parties.