Iscussion Question 2 Week 10 Exercising Contract Option Periods”

Please respond to the following:

1. Analyze the limitations on the use of contract options. Determine the advantages and disadvantages for a 10-year contract option versus a two-year contract.

2. Determine the factors to consider when setting contract options. Select a field that you are interested in and create a list of major factors to consider when determining contract options specific to that field. Develop an argument for one of the criterion you provided on your list.