Exclusive Option Agreement Template for Australia

1. Due Diligence: Include when the option holder requires rights to conduct due diligence during the option period

2. Security Provisions: Include when security is required to guarantee option exercise

3. Third Party Consents: Include when exercise of the option requires third party approvals

4. Pre-Exercise Conditions: Include when specific conditions must be met before option exercise

5. Anti-Competition Provisions: Include when additional competition restrictions are needed beyond basic exclusivity

6. Change of Control: Include when change in control of either party affects the option

7. Force Majeure: Include when external events might affect option exercise rights

1. Schedule 1 - Option Terms: Detailed commercial terms of the option including pricing and timing

2. Schedule 2 - Form of Exercise Notice: Template notice for exercising the option

3. Schedule 3 - Subject Matter Details: Detailed description of what the option is over (e.g., asset details, shares, property)

4. Schedule 4 - Due Diligence Requirements: If applicable, detailed due diligence procedures and requirements

5. Schedule 5 - Form of Resulting Agreement: Draft of the agreement that will be entered into upon exercise of the option

6. Appendix A - Required Consents: List of required third-party consents if applicable