1. Parties: Identification of the option grantor (property owner) and option holder, including full legal names, addresses, and registration numbers for companies
2. Background: Context of the agreement, including brief description of the property and parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement, including 'Property', 'Option Period', 'Option Price', and 'Exercise Notice'
4. Property Details: Detailed description of the property subject to the option, including cadastral number, address, and registered encumbrances
5. Grant of Option: Express grant of the option rights, including exclusivity provisions if applicable
6. Option Period: Duration of the option, including start date, end date, and any extension provisions
7. Option Price: Purchase price for the property if the option is exercised, including any adjustment mechanisms
8. Exercise of Option: Process and requirements for exercising the option, including notice requirements and timing
9. Payment Terms: Details of any option fee, deposit requirements, and payment structure for the purchase price
10. Due Diligence: Rights and process for conducting property investigations and due diligence
11. Conditions to Exercise: Any conditions that must be satisfied before the option can be exercised
12. Closing Process: Procedures and requirements for completing the purchase if the option is exercised
13. Representations and Warranties: Standard warranties about property ownership, authority to contract, and property condition
14. Registration: Provisions regarding registration of the option agreement with the Danish land registry
15. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes
16. Notices: Process and requirements for giving formal notices under the agreement
17. Assignment: Restrictions or permissions regarding transfer of option rights
18. Entire Agreement: Standard boilerplate confirming the agreement represents the entire understanding between parties
