Exclusive Option Agreement Template for Philippines

1. Due Diligence: Include when the option holder has the right to conduct due diligence during the option period

2. Conditions Precedent: Include when there are specific conditions that must be met before the option can be exercised

3. Non-Competition: Include when the grantor needs to be restricted from competing or granting similar options

4. Tax Provisions: Include detailed tax provisions when the transaction has significant tax implications

5. Force Majeure: Include when external events might affect the option period or exercise

6. Assignment: Include specific assignment provisions when transfer rights need to be addressed

7. Broker/Finder Fees: Include when intermediaries are involved in the transaction

1. Schedule 1 - Description of Option Subject Matter: Detailed description of the property, shares, or assets subject to the option

2. Schedule 2 - Form of Option Exercise Notice: Template notice for exercising the option

3. Schedule 3 - Due Diligence Requirements: List of documents and information to be provided for due diligence

4. Schedule 4 - Encumbrances: List of any existing encumbrances on the option subject matter

5. Schedule 5 - Required Consents: List of third-party consents required for option exercise

6. Appendix A - Calculation of Purchase Price: If the purchase price involves complex calculations or adjustments

7. Appendix B - Copy of Related Agreements: Any existing agreements referenced in the option agreement