Select the most appropriate option to fill in the blank in the follow…

The correct answer is Option (3) → tie down

A phrasal verb is a verb joined with a small word such as up, out or together. The two words together have a new meaning.

A contract with too many restrictions would limit what the company can do, so "tie down" fits. "With too many restrictions" names what ties it down.
Complete sentence: The contract seemed to tie down the company with too many restrictions.

Phrasal verb	Meaning	Example
(1) tie up	to fasten with string or rope, to keep someone busy, or to keep money where it cannot be used. It does not mean to burden with restrictions.	I was tied up in meetings all morning.
(2) tie on	to attach something by tying, like a label or an apron. It has no sense of limiting someone.	She tied on her apron and began to cook.
(3) tie down (answer)	to restrict someone's freedom, to hold someone back with rules, duties or conditions	He did not want to be tied down by a long-term job.
(4) tie with	to finish level with someone in a contest. It does not mean restrict.	Our team tied with the visitors for first place.