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1. Third Party Rights: Include when there are existing rights or claims on the subject matter that need to be addressed

2. Multiple Assets: Include when the option covers multiple items with different terms or conditions

3. Regulatory Approvals: Include when the exercise of the option requires governmental or regulatory approval

4. Security Arrangements: Include when there is a need for security deposits or guarantees

5. Break Fee: Include when parties agree on compensation if the option is not exercised

6. Right of First Refusal: Include when the option holder should have priority rights for future transactions

7. Tax Provisions: Include when there are specific tax implications that need to be addressed

8. Force Majeure: Include when parties want to address extraordinary circumstances affecting the option

1. Description of Subject Matter: Detailed description of the asset(s) covered by the option, including any relevant specifications or conditions

2. Pricing Mechanism: Detailed calculation method for the exercise price if complex or variable

3. Form of Exercise Notice: Template notice for exercising the option

4. Due Diligence Materials: List of documents and information to be provided during due diligence

5. Encumbrances: List of any existing liens, charges, or other encumbrances on the subject matter

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

7. Completion Checklist: List of actions and documents required upon exercise of the option