Option Sales Contract Template for Singapore

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

4.6 / 5
4.8 / 5

Let's create your Option Sales 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:

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."

Document background
The Option Sales Contract is a crucial legal instrument in Singapore's commercial landscape, used when parties wish to establish a conditional right to purchase assets or property. This document type follows Singapore's strict legal requirements for option agreements, including necessary consideration and exercise periods. The contract should specify all material terms of the potential sale, including price, duration, and exercise mechanisms. Option Sales Contracts are particularly relevant in real estate transactions, asset purchases, and commercial dealings where parties need flexibility in timing their purchase decisions.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Civil Law Act (Cap. 43): Primary legislation governing civil law matters in Singapore, providing the fundamental legal framework for contracts and civil obligations

Contracts Act (Cap. 53): Key legislation governing contract formation, validity, and enforcement in Singapore, including essential elements of a valid contract

Sale of Goods Act (Cap. 393): Legislation governing the sale of goods and related transactions, which may be relevant for the underlying asset in options contracts

Securities and Futures Act (Cap. 289): Regulatory framework for securities and derivatives trading, particularly relevant if the options involve financial securities

Common Law Principles: Singapore follows English common law principles, including relevant case law regarding contract formation and options

Stamp Duties Act (Cap. 312): Governs the imposition of stamp duties on certain documents and transactions in Singapore

Electronic Transactions Act (Cap. 88): Provides legal framework for electronic transactions and digital signatures if electronic execution is involved

Misrepresentation Act (Cap. 390): Governs remedies for misrepresentation in contract formation and execution

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which civil liability can be avoided tHRough contract terms

MAS Regulations: Monetary Authority of Singapore regulations applicable to financial instruments and derivatives trading

SGX Rules: Singapore Exchange rules and requirements if the options contract involves listed securities

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

Restricted Share Agreement

find out more

Rental Contract With Option To Buy

find out more

Option Sales Contract

find out more

Lease Agreement With Option To Buy

find out more

First Refusal Agreement

find out more

Commercial Lease With Option To Buy

find out more

Master Leasing Agreement

find out more

Lease To Own Land Agreement

find out more

Lease And Purchase Agreement

find out more

Land Lease Purchase Agreement

find out more

Land Buying Agreement

find out more

Cash Payment Agreement

find out more

Purchase And Lease Agreement

find out more

Option To Lease Agreement

find out more

Right Of First Refusal Agreement

find out more

Vehicle Lease To Own Agreement

find out more

Stock Option Agreement

find out more

Share Option Agreement

find out more

Option To Purchase Agreement

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.