Call option agreement
Call option agreement

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Call option agreement
  • Recitals:
  • 1 Definitions
  • 2 Option
  • 3 Option period
  • 4 Exercise of Call Option
  • 5 Purchase Price
  • 6 Completion
  • 7 Reorganisation
  • 8 Duration of obligations
  • More...

DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: Brexit—drafting boilerplate clauses.

This Agreement is made [as a deed] on [insert date]

Parties

  1. 1

    [insert name of Buyer] [incorporated and registered in [insert place of incorporation] under number [insert company number] whose registered office is at [insert address] OR of [insert address]] (the Buyer); and

  1. 2

    [insert name of Seller] [incorporated and registered in [insert place of incorporation] under number [insert company number] whose registered office is at [insert address] OR of [insert address]] (the Seller).

Recitals:

    1. (A)

      The Seller has full legal and beneficial ownership of the Call Option Shares (as defined below).

    1. (B)

      The Seller and Buyer propose to enter into the Call Option (as defined below).

    1. (C)

      [The parties intend to execute this agreement as a deed.]

It is agreed as follows:

    1. 1

      Definitions

      1. 1.1

        In this agreement the following expressions shall have the following meanings:

        Articles

        1. means the articles of association of the Company from time to time;

        Auditors

        1. means the auditors of the Company from time to time;

        Business Day

        1. means a day on which clearing banks generally are open for business in the City of London;

        Call Option

        1. shall have the meaning given to it in clause 2.1;

        Call Option Shares

        1. means [insert number] [insert class] shares in the capital of the Company legally and

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