Buyer optionality means the buyer’s flexibility to choose among multiple paths or options—and to decide later—based on how circumstances develop.
Common examples (depending on context):
Investing: having multiple ways to deploy capital (e.g., invest now vs. wait; choose among opportunities).
M&A: a buyer’s ability to pursue alternative targets, change deal structure, or walk away if conditions aren’t met.
Commercial/contracting: options to adjust volume, timing, product mix, renew/terminate, or switch suppliers.
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