Option To Purchase Business Agreement Template for England and Wales

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Option To Purchase Business Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Option To Purchase Business Agreement

"I need an Option To Purchase Business Agreement for acquiring a small tech consultancy in Manchester, with a 6-month option period starting March 2025 and an agreed purchase price of £2.5M, including provisions for protecting the existing client relationships."

Document background

The Option To Purchase Business Agreement is essential in business acquisition scenarios where parties need a formal framework for a potential sale. This document, governed by English and Welsh law, provides security for buyers who need time to arrange financing or conduct due diligence, while giving sellers certainty about the terms of a potential sale. It typically includes detailed provisions about the business assets, valuation mechanisms, exercise procedures, and conditions precedent. This type of agreement is particularly useful in phased acquisitions or when buyers need to secure their interest in a business while finalizing their preparations for purchase.

Suggested Sections

1. Parties: Details of the option grantor and grantee

2. Background: Context of the agreement and business overview

3. Definitions: Key terms used throughout the agreement

4. Grant of Option: Terms of the option, including duration and exercise conditions

5. Exercise Price: Purchase price and payment terms

6. Exercise Period: Timeframe during which the option can be exercised

7. Exercise Procedure: Process for exercising the option

Optional Sections

1. Due Diligence: Access to information rights and investigation period provisions

2. Non-Competition: Restrictions on seller's competing activities to protect business value post-sale

3. Employee Matters: Treatment of employees and TUPE considerations

Suggested Schedules

1. Business Assets Schedule: Detailed list of assets included in sale

2. Property Schedule: Details of any real estate included in the business

3. Intellectual Property Schedule: List of patents, trademarks, and other IP assets

4. Employee Schedule: List of employees and their terms of employment

5. Financial Statements: Recent financial information of the business

6. Form of Exercise Notice: Template notice for exercising the option

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Relevant Teams

Relevant Roles

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Option To Purchase Business Agreement

Authors

Alex Denne

Find the exact document you need

Single Option Agreement

Simple Stock Option Agreement

Simple Right Of First Refusal Agreement

Repurchase Option Agreement

Purchase Agreement With Payment Plan

Non Exclusive Option Agreement

Mobile Home Lease To Own Contract

Master Leasing Agreement

Master Lease With Option To Purchase

Lease To Own Mortgage

Lease To Own Land Agreement

Lease To Own Business Contract

Lease To Buy Option Homes

Lease And Purchase Agreement

Land Lease Purchase Agreement

Land Buying Agreement

Flex Option Agreement

Flat Buying Agreement

Equipment Lease Agreement With Option To Purchase

Cooperative Lease Option

Contract For Lease To Own

Company Equity Share Agreement

Cash Payment Agreement

Business Lease Purchase Agreement

First Option To Buy Agreement

Assignable Option Agreement

Truck Lease To Own Agreement

Owner Finance Purchase Agreement

Short Term Investment Agreement

Seller Financing Purchase Agreement

Option To Purchase Business Agreement

Commercial Lease With Option To Purchase

Outright Purchase Agreement

Land Option Contract

Right Of First Refusal Agreement

Option To Buy Contract

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Draft quality legal agreements or review documents in 3 minutes

Templates

Commercial

Employment

IP

Administration

Finance

R&D

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information