Call Option Contract Template for New Zealand

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

4.6 / 5
4.8 / 5

Let's create your Call Option Contract

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

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:

Call Option Contract

"I need a Call Option Contract for a commercial property purchase in Auckland, New Zealand, giving my company the right to purchase the property at NZD 2.5 million until March 15, 2025, with a 3% option premium payable upfront."

Document background
The Call Option Contract is a sophisticated legal instrument used in New Zealand business transactions where one party wishes to secure the right to purchase an asset in the future while the other party agrees to sell if the option is exercised. This document is particularly valuable in scenarios involving strategic acquisitions, real estate transactions, or corporate restructuring. It must comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017 and Financial Markets Conduct Act 2013. The agreement typically includes detailed provisions about the option premium, exercise mechanisms, conditions precedent, and the underlying asset's specifications. The Call Option Contract provides flexibility for businesses while establishing clear legal obligations and rights for all parties involved.
Suggested Sections

1. Parties: Identification and details of the Option Grantor and Option Holder

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Key terms used throughout the agreement including 'Strike Price', 'Exercise Period', 'Underlying Asset', etc.

4. Grant of Option: Clear statement of the option being granted and its basic terms

5. Option Premium: Details of the premium amount, payment terms and conditions

6. Exercise of Option: Process and conditions for exercising the option, including notice requirements

7. Exercise Price: Specification of the strike price and payment terms upon exercise

8. Term and Expiry: Duration of the option and circumstances of expiration

9. Representations and Warranties: Standard warranties about capacity to enter agreement and ownership of underlying asset

10. Termination: Circumstances and process for early termination

11. Governing Law and Jurisdiction: Specification of New Zealand law and jurisdiction for disputes

Optional Sections

1. Security Arrangements: Required when there is a need for security over the underlying asset or option rights

2. Transfer Rights: Include when the option rights may be assignable to third parties

3. Market Disruption Events: Necessary for options on publicly traded securities or assets

4. Force Majeure: Include when dealing with long-term options or complex underlying assets

5. Confidentiality: Important when the option involves sensitive commercial information

6. Tax Provisions: Include when there are specific tax implications that need to be addressed

7. Multiple Exercise Rights: Required when the option can be exercised in parts or multiple times

Suggested Schedules

1. Schedule 1 - Asset Description: Detailed description of the underlying asset(s)

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

3. Schedule 3 - Calculation Methods: Detailed methodology for calculating variable prices or adjustments

4. Schedule 4 - Due Diligence Materials: List of documents provided for asset verification

5. Appendix A - Regulatory Compliance: Required compliance statements and disclosures

6. Appendix B - Related Party Consents: Any third-party consents required for 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

Relevant legal definitions
Relevant Industries

Financial Services

Real Estate

Mining and Resources

Agriculture

Technology

Manufacturing

Retail

Private Equity

Investment Banking

Commercial Property

Relevant Teams

Legal

Finance

Corporate Development

Risk and Compliance

Real Estate

Investment

Treasury

Business Development

Asset Management

Commercial Operations

Relevant Roles

Legal Counsel

Commercial Director

Chief Financial Officer

Investment Manager

Corporate Lawyer

Business Development Manager

Property Manager

Asset Manager

Risk Manager

Compliance Officer

Transaction Manager

Finance Director

Investment Banker

Real Estate Developer

Portfolio Manager

Industries
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

Find the exact document you need

Put Agreement

A New Zealand law-governed agreement granting the right to sell an asset at a predetermined price within a specified period.

find out more

Call And Put Option Agreement

A New Zealand-governed agreement establishing mutual rights for call and put options over specified assets or shares, including exercise terms and regulatory compliance requirements.

find out more

Put Option Deed

A New Zealand law-governed deed granting the right to sell specified assets or securities at a predetermined price within a specified period.

find out more

Call Option Deed

A New Zealand law-governed deed granting the right to purchase specified assets at a predetermined price within an agreed timeframe.

find out more

Put And Call Option Shareholders Agreement

A New Zealand law-governed agreement establishing mutual rights for shareholders to buy (call) or sell (put) company shares under specific terms and conditions.

find out more

Call Option Shareholders Agreement

A New Zealand law-governed agreement establishing terms for future share purchase rights through call options, including exercise conditions and share transfer mechanisms.

find out more

Put Option Agreement

A New Zealand-governed agreement granting the right to sell a specified asset at a predetermined price within an agreed timeframe.

find out more

Call Option Contract

A New Zealand-governed agreement granting the right to purchase an asset at a predetermined price within a specified period.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.