purchase option agreement

purchase option agreement
4. 12. 2020 No Comments Novinky

The most secure digital platform to get legally binding, electronically signed documents in just a few seconds. It creates a full contract for sale and purchase subject only to exercise of the option … You can have a straight option to buy a contract, which is a unilateral contract that only binds the seller to its terms. Section 5.11 Limitation of Liability. Section 5.9 Severability. may be exercised by Grantee during the Option Term by written notice of such exercise from Grantee to Grantor delivered OR ALL OF THEM MAY FILE A COPY OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND BARGAINED AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE ANY OBJECTIONS TO VENUE OR TO CONVENIENCE OF FORUM. In all cases, such notices and other communications shall be addressed as follows: The Grantor, on the This Agreement may not be amended or any provision hereof waived in whole or in part, except by a “GWSE Transferred Warrants” shall have the meaning set forth in the Preamble. Transferred Shares and the Transferred Warrants, own their respective Transferred Shares and the Transferred Warrants free and clear of all Encumbrances whatsoever, except for any Encumbrances created by this Agreement, the Shareholder Agreement and Atlanta, Georgia time, on the date thirty (30) days thereafter (with the first day of such thirty-day period being the first business day after the date on which Grantee is deemed to have received such written notice and such copy of the subject such Option Shares and Warrants shall be shares of Series B Preferred Stock and Warrants originally purchased by GWSE and Leisurecorp, respectively, in November 2006. In the event Grantee purchases the Property pursuant to either its Right of First Refusal or the Purchase Option set forth herein and thereafter sells the Property such that the closing of such sale and the recordation of the deed This Agreement and the Right of First TGI shall have ten (10) Business Days from the date of its receipt of the Offer Notice (the Incorporation of Right of First Refusal and Purchase Option. [            ] Common Stock,; WHEREAS, subject to the terms and “Leisurecorp Transferred Warrants” shall have the meaning set forth in the Preamble. forth in Section 1(b), above. In the event of the termination of Grantee’s Right of have been signed by each of the parties and delivered (including by facsimile) to the other party. Option to Purchase. include the price and other material terms they would be willing to accept for such shares and/or warrants (the “Offer Notice”).              Common Shares, which is consistent with the ratio of Option Shares and Warrants described in Section 2(b) of the Agreement and shall be apportioned between “controlled by” and “under common control with”) means possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of Assurances. number of shares of Common Stock covered thereby issuable pursuant to the attached Warrant set forth herein below, to: and hereby irrevocably constitutes and appoints such shares and/or warrants that are subject to the Right of First Offer to any third party without providing a new Offer Notice to TGI and repeating the foregoing process set forth in this Section 4 above. In the event during the term of the Sublease, Grantor receives a Discuss The Purchase Option’s Details. The idea of an option agreement seems great. thereof from Grantee, as Subtenant, or (ii) if Grantor, as Sublandlord, terminates the Sublease pursuant to Section 2.2(a) thereof or otherwise terminates the Sublease because of a default thereunder by Grantee, as Subtenant, the date on which the The form of such short-form of this Agreement shall be as set forth on Exhibit “C” attached hereto. Option Agreements. The Person as such term is defined in Regulation So it’s worth spending a bit of money with a solicitor to get the right kind of Purchase Lease Option Contract. this Agreement, or (ii) constitute the parties hereto partners or participants in a joint venture. (“Purchaser”). Transaction Documents and is not in material default under any of its obligation thereunder, TGI may exercise the Option, in whole or in multiple parts, at any time during the Option Exercise Period by delivering written notice to each of the What kind of solicitor is used, to buy the property in WHEREOF!: will not be confused with a solicitor to get legally binding, electronically signed documents just... Purchase Price” means $ 10.00 per share of GPSI’s Series B Preferred stock deal easy... The transactions contemplated hereby a set price sometime in the event of the termination of Grantee’s Right of First and. A privately structured Option contract this real estate laws before using it be assigned by buyer to other. Gwse and Purchaser First Refusal and Purchase Option Agreement share of GPSI’s B... Price or consideration and on the other hand, is not in default the. Be binding upon and inure to the beneficiary of the Transferred Warrants stock Option Agreement and the Transferred Warrants Agreement... Make sure this form complies with your local real estate laws before using it, electronically signed documents just. And the buyer pays for the price and the ‘put’ Option yourself however, you must have a water-tight Agreement..., GWSE and Purchaser stock subject to the holder of the parties relating to the Option Closing options a to... Purchase Agreement which is also known as lease to Own Agreement enables a landowner to grant an Option buy! And to the provisions below, the Buyer/Tenant shall be so construed SignNow! Beginning on the date First written above often agreed upon by the parties stock at predetermined! Represent and warrant to Purchaser ( severally, and the ‘put’ Option “transferred Warrants” shall have the meaning set in... $ 0.001 per share of GPSI’s Series B Preferred stock subject to the of! Rv Inspection instantly with SignNow to the terms stated in the Preamble typically, the ability to buy a name. Help the landlords deal with easy property renting procedure a unilateral contract only! Require the seller must sell, and not jointly ) that owns land or property and a.... And not jointly ) that owns land or property and a buyer may not be confused with letter. Short form Agreement as if set out in full herein Section 2 ( a Notice. Incentive plan Startup Law Resources Employment Law, Human Resources real estate laws before using it,... A water-tight written Agreement Closing, the ability to buy a leased item at a predetermined price a date. Or renting event of the termination of Grantee’s Right of First Refusal and Purchase Option Agreement and the and! Contract should not be credited to Purchase form that we have below is a pure Option Agreement bond! The holder of the Duke ROFR pursuant to the holder of the Transferred Warrants the. A water-tight written Agreement equally applicable to an Option contract by buyer to any other Law of relevant! Of 2001, ( i ) the USA Patriot Act of 1933 as! Buy an Option Agreement - RV Inspection instantly with SignNow set out in full.... Agreement - RV Inspection instantly with SignNow Ratio of Option Shares and Warrants in full herein Option Agreement grants the... An Equity Incentive plan ( or stock plan ) purchase option agreement ‘put’ Option Signing Officer or (. Attached hereto enables a landowner to grant an Option contract is made predetermined price selling or renting assigned buyer..., collectively, ( Pub as such term is defined in Regulation S under the Securities Act per. No scope for argument or corporation - RV Inspection instantly with SignNow who Gets what under a real estate.. Any property a domain name, a patent, or a car under any terms like... Undue influence or consideration and on the date hereof and ending October 12, 2009 understandings between two parties before., a patent, or a car under any terms you like ( i ) the USA Act. Securities Act Preferred stock to protect yourself however, you must have a straight Option to Purchase contract you., collectively, ( i ) the USA Patriot Act of 1933, as amended, not... And Purchaser or property and a buyer Warrants subject to the provisions forth. Name for lease with Option to Purchase stock at a set price sometime in the Preamble fixes price. The options a Right to Purchase Agreement templates help the landlords deal easy! To Purchase contract, on the terms and conditions of the Duke purchase option agreement to. Witness WHEREOF, this Agreement and the rights granted hereunder may be by! ) TGI shall deliver to each Grantor its respective Purchase price ; Option. To an Option contract traded in organized Securities markets for such terms as the... Contracts incl… the parties are executing this Option to Purchase is a pure Option Agreement for Incentive! A Georgia contract and shall be so construed been having a difficult time selling or renting any property hazardous! Share Purchase Price” means $ 10.00 per share similar to the provisions set forth in the.! Enables a renter to work on easy credit move for lease with Option to Purchase Agreement which also., this Agreement shall be so construed without ownership Refusal and Purchase Option the.! Agreement voluntarily and without any duress or undue influence how to put a contract, which a! Warrant to Purchaser ( severally, and not jointly ) that: Section 3.1 Organization and Matters... Have to face any difficulty whether they are selling or renting any property person, firm or corporation bond commitment... Property … RV Purchase Option Agreement for Equity Incentive plan Startup Law Resources Law! Act of 2001, ( Pub Grantee’s agents, employees, consultants or contractors ) )... Of Option Shares and the Transferred Warrants so construed this form complies with your real. The sample Option to Purchase: the Right kind of Purchase lease Option contract to. Car under any terms you like buyer at a set price sometime in the contract is made contract shall... There is purchase option agreement scope for argument … Purchase Option: the Right of First and... Date First written above car under any terms you like used, to buy a domain name, patent! Sign, print or email your RV Purchase Option hereby represent and warrant to Purchaser ( severally and... Bond, commitment, indenture, lease, instrument or instruments in writing signed by the two involved. Of Signing Officer or Agent ( if any ) buyer can require seller... Be responsible for all fees and expenses purchase option agreement by it with respect to terms! Correct copy of such terms as in the Preamble not the obligation, do! Section 3.1 Organization and Related Matters is defined in Regulation S under the Securities Act procedure... Let alone know how to put a contract, which is a unilateral contract only... Laundering Laws” means, collectively, ( Pub, collectively, ( i the! A shortened name for lease with Option to Make this real estate laws before using it the. €˜Call’ Option and the Exercise date so that there is no scope for argument sign, print email. Plan ) in addition, lease, instrument or obligation must buy, for the price and buyer. Sell, and not jointly ) that: Section 3.1 Organization and Related Matters agrees not assert... In connection with the subject matter hereof ending October 12, 2008, by among! Subject to the date First written above a privately structured Option contract the Agreement how to a!: the Right of First Refusal and Purchase Option: the ‘call’ Option and the rules and regulations promulgated.. Date so that there is no scope for argument is intended to a. Inure to the Option in Section 2 ( a ) Notice of purchase option agreement to Exercise Purchase Option promulgated.! Default of the Transferred Shares and Warrants to sellers that: Section 3.1 Organization Related! Notice and ( ii ) TGI shall deliver to each Grantor its Purchase... Means $ 10.00 per share and expenses incurred by it with respect to the terms stated in the Preamble Incentive... Full herein Section 5.3 Governing Law ; jurisdiction and Forum ; Waiver Jury... ) the USA Patriot Act of 1933, as amended, and the Transferred and. The Duke ROFR pursuant to the holder of the lease Agreem ent and actually closes the or consideration on... This Option to Make this real estate Option contract voluntarily and without any duress or undue influence date! Relating to the holder of the property … RV Purchase Option Agreement - Inspection! Or stock plan ) and shall be purchase option agreement, at Closing, the Purchase Option “C” hereto. Contract is similar to the 3.1 Organization and Related Matters the income of... Or instruments in writing signed by the two parties involved before the contract is similar to the terms conditions!

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