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1. Security Interest: Required if any form of security is being granted over the IP rights

2. Competition Law Compliance: Needed if the agreement could raise competition law concerns

3. Data Protection: Required if personal data processing is involved in the agreement

4. Export Control: Necessary if the technology has potential export control implications

5. Source Code Escrow: Relevant if the license involves software and source code access might be required

6. Parent Company Guarantee: Include if additional financial security is required from a parent company

7. Step-in Rights: Needed if circumstances require rights for third parties to step into the agreement

1. Schedule 1 - Description of Intellectual Property: Detailed description of the IP subject to the option

2. Schedule 2 - Form of License Agreement: Draft or terms of the full license agreement to be entered into upon exercise of the option

3. Schedule 3 - Option Exercise Notice: Template notice for exercising the option

4. Schedule 4 - Due Diligence Information: List of information to be provided for due diligence

5. Schedule 5 - Commercial Terms: Detailed commercial terms including any pricing, royalties, or payment structures

6. Appendix A - Technical Specifications: Technical details of the intellectual property or technology

7. Appendix B - Service Levels: Any service levels or performance criteria applicable to the technology