---
urn: "urn:us-la:civcode:art:2620"
article_number: "2620"
status: active
heading: "Option to buy or sell"
breadcrumb: "Book III › Title VII › Chapter 14 › Section 1"
source_url: "https://legis.la.gov/legis/Law.aspx?d=109680"
acts_citations_raw: "Acts 1993, No. 841, §1, eff. Jan. 1, 1995."
acts_citations:
  - act_year: 1993
    act_number: 841
    section: 1
    effective_date: 1995-01-01
    role: enactment
schema_version: "1.0.0"
---

# Art. 2620. 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.