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Put And Call Agreement
Need a Put and Call Agreement for a tech startup investment, where I want the right to sell my 15% shareholding back to the majority shareholder after March 2025, while giving them the option to buy my shares if certain revenue targets are met.
1. Parties: Identification of the contracting parties and their registered details
2. Background: Context and purpose of the agreement, including description of the underlying shares or assets
3. Definitions: Key terms used throughout the agreement including Option Period, Strike Price, and Completion
4. Grant of Put Option: Terms of the put option, including strike price, exercise period, and conditions precedent
5. Grant of Call Option: Terms of the call option, including strike price, exercise period, and conditions precedent
6. Exercise Procedure: Process and requirements for exercising either option, including notice requirements
7. Completion: Process for completing the transfer following exercise, including timing and payment mechanics
8. Representations and Warranties: Standard warranties about capacity, authority, and ownership of the underlying assets
9. Termination: Circumstances under which the agreement can be terminated and consequences of termination
10. Governing Law and Jurisdiction: Specification of English law as governing law and submission to English courts' jurisdiction
1. Security Arrangements: Details of any collateral or security required to support the options
2. Tag-Along Rights: Provisions allowing other shareholders to join in the sale on same terms
3. Drag-Along Rights: Provisions requiring other shareholders to join in the sale on same terms
4. Pre-emption Rights: Rights of first refusal for existing shareholders before options can be exercised
5. Confidentiality: Provisions regarding the confidential treatment of the agreement and related information
1. Form of Exercise Notice: Template notice for exercising either the put or call option
2. Share Details: Detailed description of shares or assets subject to the options
3. Calculation of Option Price: Formula or methodology for determining the option price if not fixed
4. Completion Requirements: List of documents and actions required at completion
5. Warranties: Detailed warranties relating to the shares or assets being transferred
Authors
Call Option
Call Option Period
Call Price
Completion
Completion Date
Conditions Precedent
Encumbrance
Exercise Notice
Exercise Period
Fair Market Value
Group
Option Shares
Put Option
Put Option Period
Put Price
Sale Shares
Share Transfer Forms
Shareholders' Agreement
Strike Price
Subsidiary
Tag-Along Right
Transfer
Trigger Event
Valuation Date
Warranties
Grant of Call Option
Exercise Period
Exercise Procedure
Option Price
Completion
Transfer of Shares
Representations and Warranties
Confidentiality
Non-Competition
Force Majeure
Assignment
Notices
Governing Law
Jurisdiction
Entire Agreement
Severability
Amendments
Costs and Expenses
Further Assurance
Termination
Default
Security Arrangements
Tag-Along Rights
Drag-Along Rights
Valuation
Payment Terms
Third Party Rights
Find the exact document you need
Put And Call Agreement
An English law agreement establishing mutual rights to buy and sell assets (typically shares) at predetermined terms.
Put Option Agreement
An English law agreement granting the right to sell specified assets at a predetermined price within an agreed timeframe.
Call Option Contract
An English law agreement granting the right to purchase a specified asset at a predetermined price within an agreed timeframe.
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