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Option Sales Contract
"I need an Option Sales Contract for a commercial property purchase in Singapore, giving our company the exclusive right to buy the property at SGD 5.2M until March 15, 2025, with a 2% option fee payable upfront."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the option agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Grant of Option: Terms of the option, including duration and exercise price
5. Exercise of Option: Procedure and requirements for exercising the option
6. Consideration: Payment terms for the option
7. Representations and Warranties: Statements of fact and assurances by parties
8. Governing Law: Specification of Singapore law as governing law
1. Due Diligence: Terms for conducting due diligence when option involves complex assets requiring investigation
2. Regulatory Approvals: Requirements for obtaining regulatory clearances when transaction requires regulatory approval
3. Tax Provisions: Allocation of tax responsibilities when significant tax implications exist
1. Asset Schedule: Detailed description of assets subject to option
2. Option Exercise Notice: Template form for exercising the option
3. Pricing Mechanism: Detailed calculation method for option price
4. Due Diligence Requirements: List of required documentation and procedures
Authors
Option
Option Period
Exercise Date
Exercise Notice
Exercise Price
Completion
Completion Date
Subject Matter
Assets
Business Day
Confidential Information
Deposit
Due Diligence
Encumbrance
Force Majeure
Grantor
Grantee
Laws
Material Adverse Change
Option Fee
Parties
Purchase Price
Regulatory Approvals
Representations and Warranties
Singapore Dollar
SGD
Termination Date
Transaction Documents
Transfer
Valid Exercise
Exercise of Option
Option Period
Option Fee
Consideration
Purchase Price
Payment Terms
Conditions Precedent
Due Diligence
Representations and Warranties
Title and Encumbrances
Confidentiality
Assignment
Force Majeure
Termination
Default
Remedies
Notices
Regulatory Compliance
Tax
Costs and Expenses
Further Assurance
Entire Agreement
Amendments
Severability
Waiver
Third Party Rights
Counterparts
Time of Essence
Governing Law
Dispute Resolution
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