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Option Agreement
1. Parties: Identification and details of all parties to the agreement
2. Background: Context and purpose of the option agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Grant of Option: Clear statement of the option being granted and its basic terms
5. Option Period: Duration of the option and any specific exercise windows
6. Exercise Price: The price at which the option can be exercised and payment terms
7. Exercise Procedure: Detailed process for exercising the option
8. Representations and Warranties: Standard declarations by both parties about their capacity and authority
9. Restrictions and Conditions: Any limitations or conditions affecting the option
10. Transferability: Rules regarding transfer or assignment of the option rights
11. Termination: Circumstances under which the agreement can be terminated
12. Notices: Communication requirements and contact details
13. Governing Law and Jurisdiction: Confirmation of Danish law application and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Anti-dilution Provisions: Used when the option relates to company shares, protecting against dilution of the option value
2. Tag-Along Rights: Included when option holders should have the right to join in sales by major shareholders
3. Drag-Along Rights: Required when option holders can be forced to join in sales by major shareholders
4. Confidentiality: Added when specific confidentiality provisions are needed beyond standard business practice
5. Tax Provisions: Included when specific tax implications need to be addressed
6. Security Arrangements: Used when the option needs to be secured against other assets
7. Change of Control: Added when special provisions apply in case of change in control of either party
8. Force Majeure: Included when specific events should trigger suspension or modification of option terms
1. Description of Option Assets: Detailed description of the assets subject to the option
2. Exercise Notice Template: Standard form for exercising the option
3. Valuation Methodology: Detailed methods for calculating option price if variable
4. Due Diligence Requirements: List of required due diligence items if applicable
5. Corporate Approvals: Copies of relevant corporate approvals and resolutions
6. Existing Encumbrances: List of any existing charges or encumbrances on the option assets
7. Regulatory Approvals: List of required regulatory approvals and their status
Authors
Business Day
Commencement Date
Completion
Completion Date
Conditions Precedent
Confidential Information
Danish Business Day
Default Event
Due Diligence Materials
Effective Date
Encumbrance
Exercise Date
Exercise Notice
Exercise Period
Exercise Price
Expiry Date
Force Majeure Event
Governmental Authority
Grant Date
Grantor
Holder
Initial Period
Intellectual Property Rights
Material Adverse Change
Option
Option Assets
Option Period
Option Premium
Option Rights
Parties
Permitted Assigns
Related Party
Relevant Jurisdiction
Security Interest
Strike Price
Subject Matter
Tax
Transaction Documents
Transfer
Valuation Date
Working Day
Option Period
Exercise Price
Exercise Procedure
Payment Terms
Representations and Warranties
Conditions Precedent
Anti-dilution
Transfer Restrictions
Tag-Along Rights
Drag-Along Rights
Confidentiality
Non-Competition
Due Diligence
Warranties
Indemnification
Force Majeure
Assignment
Termination
Default
Remedies
Security
Notices
Amendment
Severability
Entire Agreement
Counterparts
Further Assurance
Costs
Time of Essence
Governing Law
Jurisdiction
Dispute Resolution
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