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1. Security Deposit: Required if a deposit is to be paid and held as security

2. Due Diligence: Include if the option holder has rights to conduct due diligence

3. Conditions Precedent: Include if exercise of the option is subject to conditions

4. Non-Competition: Include if the grantor is restricted from competing activities

5. Assignment: Include if either party needs right to assign the option

6. Force Majeure: Include if specific events should extend or affect the option period

7. Break Fee: Include if there's a fee payable if either party withdraws

8. Tax Provisions: Include detailed tax treatment if complex tax implications exist

1. Asset Description: Detailed description of the asset subject to the option

2. Form of Exercise Notice: Prescribed form for exercising the option

3. Completion Requirements: Detailed list of completion deliverables and requirements

4. Warranties: Detailed warranties if extensive warranties are required

5. Calculation of Price: If the exercise price involves complex calculations or adjustments

6. Required Consents: List of third-party consents needed for completion