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Option To Purchase Contract
I need an Option to Purchase Contract for a commercial property in Copenhagen, with a fixed purchase price of 2.5M EUR and an option period until March 15, 2025, including standard due diligence provisions.
1. Parties: Identification of the option grantor and option holder, including full legal names, registration numbers, and addresses
2. Background: Context of the agreement and relationship between the parties
3. Definitions: Key terms used throughout the agreement including 'Option Period', 'Exercise Price', 'Subject Matter'
4. Grant of Option: Clear statement of the option rights being granted and their exclusive nature
5. Option Period: Duration of the option, including start and end dates
6. Exercise Price: The agreed purchase price or mechanism for determining the price
7. Exercise Procedure: Detailed process for exercising the option, including notice requirements and formalities
8. Conditions to Exercise: Any conditions that must be met before the option can be exercised
9. Seller's Obligations: Obligations of the seller during the option period, including maintenance of the asset
10. Completion: Process and requirements for completing the purchase once option is exercised
11. Representations and Warranties: Standard representations about authority, capacity, and title
12. Termination: Circumstances under which the option agreement can be terminated
13. Governing Law and Jurisdiction: Confirmation of Danish law and jurisdiction
1. Option Fee: Include when there is an upfront payment for the option rights
2. Deposit: Include when a deposit is required upon exercise of the option
3. Financing Arrangements: Include when specific financing terms are part of the option arrangement
4. Due Diligence: Include when the option holder has specific rights to conduct due diligence
5. Assignment: Include when transfer of option rights needs to be addressed
6. Multiple Assets: Include when the option covers multiple properties or assets
7. Right of First Refusal: Include when the option is linked to a right of first refusal
8. Confidentiality: Include when specific confidentiality obligations are required
9. Force Majeure: Include when specific events beyond parties' control need to be addressed
1. Asset Description: Detailed description of the property or asset subject to the option
2. Exercise Notice Form: Template form for exercising the option
3. Purchase Price Calculation: Detailed methodology for calculating the purchase price if not fixed
4. Due Diligence Requirements: List of required due diligence items and procedures
5. Encumbrances: List of existing encumbrances on the property or asset
6. Required Consents: List of third-party consents required for exercise
7. Completion Checklist: Detailed list of items required for completion of the purchase
Authors
Business Day
Completion
Completion Date
Conditions Precedent
Deposit
Due Diligence Period
Effective Date
Encumbrances
Exercise Date
Exercise Notice
Exercise Period
Exercise Price
Force Majeure Event
Grantor
Holder
Option
Option Fee
Option Period
Permitted Encumbrances
Property
Purchase Price
Registration
Related Agreements
Relevant Authority
Subject Matter
Third Party Rights
Title Documents
Transfer Date
Valuation
Working Hours
Grant of Option
Option Period
Option Fee
Exercise Price
Exercise Procedure
Conditions Precedent
Due Diligence
Representations and Warranties
Asset Preservation
Confidentiality
Assignment
Transfer Restrictions
Title and Ownership
Registration Rights
Force Majeure
Default
Termination
Notices
Amendments
Entire Agreement
Severability
Waiver
Costs
Dispute Resolution
Governing Law
Jurisdiction
Third Party Rights
Counterparts
Real Estate
Commercial Property
Residential Property
Manufacturing
Retail
Agriculture
Technology
Industrial
Professional Services
Construction
Energy
Mining
Infrastructure
Hospitality
Legal
Finance
Real Estate
Corporate Development
Mergers & Acquisitions
Risk Management
Operations
Business Development
Investment
Property Management
Commercial
Compliance
Chief Executive Officer
Chief Financial Officer
Real Estate Director
Property Manager
Investment Manager
Legal Counsel
Contract Manager
Business Development Manager
Asset Manager
Acquisitions Manager
Corporate Lawyer
Property Developer
Commercial Director
Risk Manager
Finance Director
Operations Director
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