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Exclusive Option Agreement
"I need an Exclusive Option Agreement governed by Singapore law for a tech startup granting a 6-month exclusive option to purchase its software IP portfolio, with the option period starting March 1, 2025, and including comprehensive due diligence provisions."
1. Parties: Identification and details of the option grantor and grantee
2. Background: Context and purpose of the option agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of Option: Core terms of the option, including what is being offered
5. Option Period: Duration for which the option remains valid
6. Option Price: Consideration paid for the option itself
7. Exercise Price: Price payable upon exercise of the option
8. Exercise Mechanism: Process and requirements for exercising the option
1. Due Diligence: Rights to conduct due diligence, used when option relates to complex assets
2. Conditions Precedent: Conditions that must be satisfied before option can be exercised
3. Representations and Warranties: Statements about the subject matter of the option
4. Non-Competition: Restrictions on grantor during option period
1. Asset Description: Detailed description of the subject matter of the option
2. Form of Exercise Notice: Template notice for exercising the option
3. Form of Underlying Agreement: Draft of the agreement to be entered into upon exercise
4. Due Diligence Requirements: List of documents and information to be provided
Authors
Business Day
Completion
Completion Date
Confidential Information
Conditions Precedent
Due Diligence Period
Effective Date
Exercise Notice
Exercise Period
Exercise Price
Exclusivity Period
Grant Date
Grantor
Holder
Intellectual Property Rights
Long Stop Date
Option
Option Fee
Option Period
Parties
Property
Related Entities
Representatives
SGD
Subject Assets
Term
Transaction Documents
Underlying Agreement
Grant of Option
Option Fee
Exercise Price
Option Period
Exercise Mechanism
Exclusivity
Due Diligence
Conditions Precedent
Completion
Representations and Warranties
Confidentiality
Non-Competition
Non-Solicitation
Assignment
Force Majeure
Termination
Notices
Costs and Expenses
Stamp Duty
Time of Essence
Entire Agreement
Variation
Severability
Waiver
Governing Law
Dispute Resolution
Third Party Rights
Counterparts
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