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1. Due Diligence: Rights and process for conducting due diligence investigations, typically included for complex assets

2. Intellectual Property: Specific provisions relating to IP rights, needed if the option involves IP assets

3. Property Access: Terms for accessing and inspecting property, included for real estate options

4. Regulatory Compliance: Specific regulatory requirements, included if the subject matter is regulated

5. Employee Matters: Provisions relating to employees, included if the option involves business acquisition

6. Tax Matters: Special tax considerations and allocations, included for complex transactions

7. Competition Compliance: Specific provisions ensuring compliance with competition laws, included for market-sensitive deals

1. Description of Option Subject Matter: Detailed description of the asset, shares, property or rights subject to the option

2. Option Exercise Notice: Pro-forma notice for exercising the option

3. Purchase Price Calculation: Formula or methodology for calculating the purchase price upon exercise

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

5. Due Diligence Requirements: List of required due diligence items and procedures

6. Existing Encumbrances: List of any existing encumbrances or restrictions on the option subject matter