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Option To Purchase Contract
"I need an Option to Purchase Contract under Swiss law for a commercial property in Zurich, with a 6-month option period starting January 1, 2025, and including specific provisions for environmental due diligence and staged payments."
1. Parties: Identification of the option grantor and option holder, including full legal names and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement, including 'Option Period', 'Strike Price', 'Option Property', etc.
4. Grant of Option: Express grant of the option rights and basic terms
5. Option Period: Duration of the option, including start and end dates
6. Exercise of Option: Process and requirements for exercising the option, including notice requirements
7. Purchase Price: Specification of the strike price and payment terms
8. Conditions Precedent: Any conditions that must be satisfied before the option can be exercised
9. Representations and Warranties: Standard representations about authority, ownership, and capacity
10. Covenants: Obligations of parties during the option period
11. Termination: Circumstances under which the option agreement can be terminated
12. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction
13. Execution: Signature blocks and execution requirements
1. Option Premium: Required if there is a payment for the grant of the option itself
2. Due Diligence: Include if the option holder has rights to conduct due diligence during the option period
3. Asset Maintenance: Include for options over physical assets requiring maintenance during the option period
4. Third Party Rights: Include if there are existing third party rights affecting the option property
5. Tax Provisions: Include specific tax arrangements if relevant to the transaction
6. Assignment: Include if transfer of option rights is to be permitted
7. Force Majeure: Include for long-term options where external events might affect performance
8. Public Registration: Required for real estate options that need registration
1. Property Description: Detailed description of the asset subject to the option
2. Form of Exercise Notice: Template notice for exercising the option
3. Purchase Agreement: Form of the purchase agreement to be entered into upon exercise
4. Due Diligence Requirements: List of documents and information to be provided during due diligence
5. Encumbrances: List of existing encumbrances or restrictions on the option property
6. Payment Schedule: If payment is in installments or subject to adjustments
Authors
Option
Option Period
Option Property
Option Price
Strike Price
Exercise Date
Exercise Notice
Completion Date
Business Day
Effective Date
Encumbrances
Material Adverse Change
Option Premium
Permitted Encumbrances
Purchase Agreement
Purchase Price
Swiss Law
Territory
Transaction Documents
Due Diligence Materials
Conditions Precedent
Completion
Consideration
Exercise Period
Grantor
Holder
Option Exercise Date
Parties
Property Rights
Registration Requirements
Related Agreements
Signing Date
Valuation Date
Working Hours
Grant of Option
Option Period
Option Premium
Exercise of Option
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Representations and Warranties
Covenants
Property Maintenance
Confidentiality
Non-Compete
Force Majeure
Assignment
Termination
Notices
Amendment
Severability
Entire Agreement
Governing Law
Jurisdiction
Dispute Resolution
Costs
Registration
Third Party Rights
Exclusivity
Asset Preservation
Tax
Indemnification
Further Assurance
Compliance with Laws
Authority
Time of Essence
Real Estate
Manufacturing
Financial Services
Technology
Energy
Mining
Agriculture
Retail
Professional Services
Healthcare
Infrastructure
Telecommunications
Legal
Finance
Real Estate
Corporate Development
Mergers & Acquisitions
Risk Management
Treasury
Business Development
Compliance
Property Management
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Real Estate Manager
Property Developer
Investment Manager
Business Development Director
Mergers & Acquisitions Director
Asset Manager
Contract Manager
Corporate Development Manager
Risk Manager
Treasury Manager
Property Portfolio Manager
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