Call Option Agreement Over Private Company Shares
Publisher one
ƵSource file
Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💰 Call option agreementBusiness activity
Call option agreementA call option agreement is a contract between two parties that gives the holder the right to buy an asset at a specified price within a certain time frame. The agreement also outlines the terms and conditions under which the option can be exercised, including any fees or commissions that may be owed.
The template would typically include provisions such as the identification of the parties involved, the detailed description of the shares subject to the call option, the exercise price, and the option period duration. It may also include conditions precedent for exercising the call option, such as the occurrence of certain events or milestones. The template would lay out the mechanism for exercising the option, including notice requirements, payment terms, and any limitations or restrictions on the transferability of shares.
Additionally, the agreement may address the consequences of non-exercise of the call option, such as any penalty or forfeiture of rights, as well as any adjustments to the exercise price or share quantity in case of stock splits, reverse stock splits, or corporate reorganizations. It may also include representations and warranties by the option holder and the company regarding their authority, ownership, and compliance with applicable laws.
Overall, this legal template is designed to provide a framework for parties involved in private company share transactions to establish their rights, obligations, and expectations regarding the call option arrangement, ensuring transparency, clarity, and legal protection for all parties involved.
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