1. Due Diligence Rights: Used when the optionee needs rights to evaluate the IP during the option period

2. Development Obligations: Include when parties have obligations to develop or improve the IP

3. Regulatory Compliance: Required for regulated industries or products

4. Sub-licensing Rights: Include when sub-licensing will be permitted under the license

5. Territory Restrictions: Used when license rights are geographically limited

6. Field of Use Restrictions: Include when license is limited to specific applications or industries

7. Quality Control: Necessary for trademark licenses or regulated products

8. Source Code Escrow: Include for software-related licenses

9. Performance Obligations: Used when minimum sales or development milestones are required

1. Schedule A - Licensed IP: Detailed description of the intellectual property covered by the option

2. Schedule B - Option Fee Schedule: Breakdown of option fees and payment timing

3. Schedule C - License Terms: Detailed license terms that will apply upon exercise of option

4. Schedule D - Royalty Calculations: Detailed methodology for calculating royalties

5. Schedule E - Technical Specifications: Technical details of the licensed technology or IP

6. Appendix 1 - Form of Option Exercise Notice: Template notice for exercising the option

7. Appendix 2 - Due Diligence Materials: List of materials to be provided for evaluation

8. Appendix 3 - Quality Control Standards: Required standards for licensed products or services