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Option Sales Contract
"I need an Option Sales Contract for a commercial property purchase in Singapore, giving our company the exclusive right to buy the property at SGD 5.2M until March 15, 2025, with a 2% option fee payable upfront."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the option agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Grant of Option: Terms of the option, including duration and exercise price
5. Exercise of Option: Procedure and requirements for exercising the option
6. Consideration: Payment terms for the option
7. Representations and Warranties: Statements of fact and assurances by parties
8. Governing Law: Specification of Singapore law as governing law
1. Due Diligence: Terms for conducting due diligence when option involves complex assets requiring investigation
2. Regulatory Approvals: Requirements for obtaining regulatory clearances when transaction requires regulatory approval
3. Tax Provisions: Allocation of tax responsibilities when significant tax implications exist
1. Asset Schedule: Detailed description of assets subject to option
2. Option Exercise Notice: Template form for exercising the option
3. Pricing Mechanism: Detailed calculation method for option price
4. Due Diligence Requirements: List of required documentation and procedures
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