Option Agreement Template – Australia

The Option Agreement Template – Australia is offered in multiple formats including PDF, Word, and Google Docs. Each version is customizable and ready for printing, ensuring you have the flexibility you need to fit your requirements.


Sample

Option Agreement Template – Australia

Editable | Printable



1. Parties Involved



2. Purpose of the Option Agreement

3. Description of the Property

4. Option Fee

5. Option Period

6. Conditions of Exercise

7. Purchase Price

8. Default and Remedies

9. Governing Law

10. Signatures and Acceptance




PDF


WORD

Examples


Option Agreement Template – Australia (1)
Between:
[Option Holder’s Name]
[Option Holder’s Address]
[Option Holder’s Phone]
[Option Holder’s Email]
And:
[Grantor’s Name]
[Grantor’s Address]
[Grantor’s Phone]
[Grantor’s Email]
Introduction:
This Option Agreement (“Agreement”) outlines the terms between [Option Holder’s Name] and [Grantor’s Name] regarding the option to purchase real property or shares, commencing on [Start Date].
Clause 1: Grant of Option
The Grantor hereby grants the Option Holder the exclusive right to purchase [describe property/shares] during the Option Period, which is from [Start Date] to [End Date].
Clause 2: Option Fee
The Option Holder agrees to pay the Grantor an option fee of [amount] as consideration for this agreement, payable upon signing.
Clause 3: Exercise of Option
The Option Holder may exercise the option by providing written notice to the Grantor during the Option Period, at which point the purchase process will commence.
Clause 4: Purchase Price
The purchase price shall be [amount], payable in full upon completion of the sale. Any adjustments will be made as per mutual agreement.
Clause 5: Conditions Precedent
The obligation of the Grantor to sell and the Option Holder to purchase is subject to the fulfillment of the following conditions: [list conditions].
Clause 6: Governing Law
This Agreement will be governed by the laws of Australia, and both parties consent to the jurisdiction of the appropriate courts.
Signed in [City], [Date].
Sincerely,
[Option Holder’s Signature]
[Option Holder’s Name]
[Grantor’s Signature]
[Grantor’s Name]
Option Agreement Template – Australia (2)
Between:
[Option Holder’s Name]
[Option Holder’s Address]
[Option Holder’s Phone]
[Option Holder’s Email]
And:
[Grantor’s Name]
[Grantor’s Address]
[Grantor’s Phone]
[Grantor’s Email]
Introduction:
This Option Agreement (“Agreement”) sets forth the terms and conditions under which [Option Holder’s Name] is granted an option to purchase [describe property/shares] from [Grantor’s Name], effective from [Start Date].
Clause 1: Option Duration
The option granted herein shall remain valid for a period of [duration], commencing on [Start Date] and expiring on [End Date].
Clause 2: Option Price
An option price of [amount] is to be paid by the Option Holder to the Grantor as a prerequisite for the validity of this Agreement.
Clause 3: Method of Exercise
To exercise the option, the Option Holder must deliver a written notice to the Grantor at least [Notice Period] prior to the expiration of the Option Period.
Clause 4: Closing Process
Upon exercising the option, the parties will proceed to close the transaction within [number of days] after notice is given, with all necessary documentation prepared.
Clause 5: Representations and Warranties
Both parties represent and warrant that they possess the full legal capacity to enter into this Agreement and fulfill its obligations.
Clause 6: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Australia.
Signed in [City], [Date].
Sincerely,
[Option Holder’s Signature]
[Option Holder’s Name]
[Grantor’s Signature]
[Grantor’s Name]

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Option Agreement Template - Australia