Option Agreement Template UK

The Option Agreement Template UK is offered in multiple formats, including PDF, Word, and Google Docs, providing you with editable and printable examples.

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Sample

Option Agreement Template UK

Editable – Printable

PDF – 1 PDF – 2

Option Agreement Template UK

1. Party Information


2. Option Holder Information


3. Option Details


4. Option Price

5. Conditions of Exercise

6. Obligations of the Option Grantor

7. Obligations of the Option Holder

8. Governing Law

9. Indemnification

10. Miscellaneous Provisions

11. Signatures and Agreement

12. Declaration and Signatures



PDF

WORD

Examples

Option Agreement Template UK (1)
Between:
[Name of the Optionor]
[Optionor’s ID]
[Optionor’s Address]
[Optionor’s Phone]
[Optionor’s Email]
And:
[Name of the Optionee]
[Optionee’s ID]
[Optionee’s Address]
[Optionee’s Phone]
[Optionee’s Email]
Introduction:
This Option Agreement grants the Optionee the right to purchase certain property from the Optionor under specified terms and conditions, commencing on [Start Date].
Clause 1: Description of the Property
The property subject to this option agreement is described as follows: [Describe the property, including any relevant details such as address, boundaries, and any included fixtures].
Clause 2: Option Fee
The Optionee agrees to pay the Optionor an option fee of [Amount], which will be credited towards the purchase price if the option is exercised.
Clause 3: Term of Option
The term of this option shall be for [Duration, e.g., 12 months], commencing on [Start Date] and expiring on [End Date].
Clause 4: Exercise of Option
The Optionee may exercise this option by providing written notice to the Optionor at least [Notice Period, e.g., 30 days] prior to the expiration date.
Clause 5: Purchase Price
If the option is exercised, the purchase price for the property shall be [Purchase Price], payable in full at closing.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Optionor]
[Name of the Optionor]
[Signature of the Optionee]
[Name of the Optionee]
Option Agreement Template UK (2)
Between:
[Name of the Optionor]
[Optionor’s ID]
[Optionor’s Address]
[Optionor’s Phone]
[Optionor’s Email]
And:
[Name of the Optionee]
[Optionee’s ID]
[Optionee’s Address]
[Optionee’s Phone]
[Optionee’s Email]
Introduction:
This Option Agreement establishes the terms under which the Optionee is granted an exclusive option to purchase the property at a predetermined price, effective from [Start Date].
Clause 1: Property Description
The property under this option is [Detailed description of the property], including any existing leases or encumbrances.
Clause 2: Consideration
The Optionee shall pay an option consideration of [Amount] to the Optionor, which will be non-refundable unless the Optionor breaches the agreement.
Clause 3: Option Term
This option shall remain in effect for a period of [Duration, e.g., 6 months], beginning on [Start Date] and ending on [End Date].
Clause 4: Method of Exercising the Option
To exercise the option, the Optionee must deliver a written notice to the Optionor stating the intention to purchase the property, followed by payment of the purchase price.
Clause 5: Closing and Possession
Upon exercise of the option, closing shall occur on or before [Closing Date], at which point possession of the property shall be transferred to the Optionee.
Clause 6: Jurisdiction
This agreement shall be construed in accordance with the laws of [Jurisdiction, e.g., England and Wales].
Signed in [City], [Date].
Sincerely,
[Signature of the Optionor]
[Name of the Optionor]
[Signature of the Optionee]
[Name of the Optionee]

Printable

PDF – 1 PDF – 2

Option Agreement Template UK