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Grant another party an option to buy goods from you with this template Option to Purchase Goods for personal property, chattels, inventory or other goods located in the UK. The parties agree to immediately enter into a purchase and sale contract if the option is exercised. If the option is not exercised, the option automatically expires at the end of the option period. This United Kingdom Option to Purchase Goods form is provided in MS Word format, and is fully editable to meet your needs.