Put and Call Option Agreement - Company

Buyer of Shares

No. of Prokens Required: 2 |

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Description:

This is a put and/or call option agreement. An option agreement is often entered into to protect a minority shareholder who wishes to be assured of an exit from a joint venture. This document is drafted in favour of the Buyer of Shares.

Seller and Buyer have agreed to enter into certain option arrangements on the terms of this agreement.

Buyer hereby grants to Seller an option to require Buyer to purchase (the Put Option), Seller's [ENTIRE] in Shares in the Company on the terms of this Agreement.

Seller shall pay to the Buyer [AMOUNT].

The Put Option may (subject to clause 8) be exercised by notice by Seller given at any time during the Option Period.

The Put Option may be exercised in respect of all (but not some only) of the Option Shares.

An Option Notice, once served, shall not be revoked.

 

How to use this Document? 

 

This Agreement should be carefully read by the Buyer and Seller.

This Agreement should be signed by the authorised signatory.

 

How to Tailor the Document for Your Need?

 

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  2. Please fill in any additional information by following the step-by-step guide on the left hand side of the preview document and click the “Next” button.

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  4. Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.

Document Type:

Agreements / contracts

Category:

Business > Corporate > Authorised Capital / Issue of Shares / Allotment Letter

 
Keywords:

option

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put

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call

,  

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,  

call option

,  

exercise

,  

exercise price

,  

minority

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interest

,  

shareholder

,  

notice

,  

option price

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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.