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Set Path: Relative and Absolute: are available if a file path or web address is provided. A relative path is relative to the path to the active drawing.
Name and Path or Address: Displays a list of hyperlinks used in the current drawing. To use any of these hyperlinks for the selected object, double-click the hyperlink's Name field. Use Default Browser: Uses the default Internet browser installed on your computer.
Local menu options:
Edit the Hyperlink: Use this option on an object that already has a defined hyperlink. This opens the Define Hyperlink window, in which you can change any parameters of the link.
Open the Hyperlink: Brings up the defined hyperlink.
Use Default Browser: Uses the default web browser installed on your computer.