Put And Call Option Deed Template for England and Wales

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Key Requirements PROMPT example:

Put And Call Option Deed

"I need a Put And Call Option Deed for a commercial property development in Manchester, with a strike price of £5.2 million and an exercise period running from March 2025 to December 2025, including specific provisions for planning permission conditions."

Document background
A Put And Call Option Deed is commonly used in commercial transactions where parties wish to establish future rights to buy and sell assets. The deed, governed by English and Welsh law, provides flexibility in business arrangements by allowing parties to exercise options within specified timeframes and under predetermined conditions. It typically includes detailed provisions on pricing mechanisms, exercise procedures, and completion requirements, making it particularly valuable in complex commercial transactions, property developments, and corporate restructuring scenarios.
Suggested Sections

1. Parties: Identification and details of all parties to the deed

2. Background/Recitals: Context and purpose of the option arrangement

3. Definitions and Interpretation: Key terms and interpretation rules

4. Grant of Put Option: Terms of the put option, including price and exercise mechanism

5. Grant of Call Option: Terms of the call option, including price and exercise mechanism

6. Exercise Period: Timeframe during which options can be exercised

7. Completion: Process following option exercise

8. Warranties: Standard warranties regarding capacity and authority

Optional Sections

1. Security Provisions: Additional provisions for when security is required for option obligations. Used when there are concerns about counterparty performance

2. Tax Provisions: Specific tax treatment agreements and allocations. Used when complex tax implications need addressing

3. Regulatory Compliance: Specific regulatory obligations and compliance requirements. Used when options relate to regulated assets or securities

Suggested Schedules

1. Form of Option Notice: Template notice for exercising options

2. Asset Description: Detailed description of the asset subject to options

3. Price Calculation Mechanism: Formula or mechanism for determination of price if not fixed

4. Completion Requirements: Detailed completion obligations and documentation

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

Industries

Law of Property Act 1925: Primary legislation governing property law in England and Wales, covering requirements for creation and transfer of interests in land and formalities for deeds

Law of Property (Miscellaneous Provisions) Act 1989: Contains Section 2 requirements for contracts for sale of land and formal requirements for deeds execution

Companies Act 2006: Governs corporate aspects including execution of documents, corporate capacity, and directors' duties when companies are parties to the agreement

Contract Law Principles: Common law fundamentals including offer and acceptance, consideration, intention to create legal relations, and certainty of terms

Option Agreement Principles: Common law principles specific to options including requirements for valid options, notice provisions, and exercise mechanisms

Financial Services and Markets Act 2000: Regulatory framework for financial services, particularly relevant if options relate to securities or financial instruments

Financial Services Act 2012: Additional financial regulation requirements and updates to the regulatory framework

Stamp Duty Land Tax Legislation: Tax legislation governing SDLT implications of options over land

Capital Gains Tax Provisions: Tax legislation covering the treatment of options for capital gains tax purposes

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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