EelEtric
Juniors
- Messages
- 293
I reckon both parties need to agree to extend it, and if one rejects it then it lapses.I feel like the latter is the only logical explanation. When both parties need to agree to continue the arrangement it’s just called a contract extension.
Say player A signs a three-year contract with a mutual option for a fourth. At the end of the third year, both the player and the club can decide whether to extend the contract for the fourth year. If both parties agree, the contract is extended; if either party declines, the contract ends. There may well be conditions in the option such as price, contract length, etc. that are agreed at the time of the option and not open to change later.