Exclusive Option Agreement Template for Saudi Arabia

1. Due Diligence: Used when the option relates to acquisition of assets/business and includes due diligence rights

2. Regulatory Compliance: Required when the option exercise requires regulatory approvals

3. Security Provisions: Include when option fee is paid in installments or security is required

4. Anti-corruption Compliance: Important for international transactions or government-related deals

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

6. Tax Provisions: Required when tax implications need specific addressing

7. Competition Compliance: Include when exclusivity might raise competition law concerns

8. Break Fee: Used when parties want to specify compensation for non-exercise

1. Option Property Details: Detailed description of the subject matter of the option

2. Option Exercise Notice: Form of notice to be used when exercising the option

3. Option Fee Payment Schedule: Payment terms and schedule if fee is paid in installments

4. Form of Definitive Agreement: Draft of the agreement to be entered into upon option exercise

5. Required Consents: List of third-party or regulatory consents needed

6. Excluded Assets/Rights: Details of any exclusions from the option scope

7. Competition Compliance Requirements: Specific requirements for competition law compliance