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This seminal work on options and other pre-emptive rights in Australia offers a one-stop resource for any legal or tax-based questions about the drafting, exercising and assigning of pre-emptive rights. Topics covered include: . Pre-Emptive Rights Generally . The Nature Of An Option . Elements Of A Valid Option . Exercising An Option . Assigning An Option . Remedies For Breach Of Option . First Rights Of Refusal . Labelled Pre-Emptive Rights Bearing Other Characteristics . Pre-Emptive Rights In Joint Venture Agreements The Law of Options by Donald Farrands (1992) returnsÂ reworked, expandedÂ and updated, to provide a concise, invaluable guide to practitioners. It is an essential resource.