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Put Agreements are essential financial instruments used in Indian business transactions to provide downside protection or exit rights to investors, shareholders, or asset holders. These agreements are particularly common in private equity investments, joint ventures, and strategic business arrangements. A Put Agreement creates a binding obligation on the Option Writer to purchase specified assets when the Option Holder exercises their right during the agreed period. The agreement must comply with Indian regulatory requirements, including SEBI guidelines for listed companies and FEMA regulations for cross-border transactions. The document typically includes detailed provisions on valuation mechanisms, exercise procedures, and completion requirements, all structured within the framework of Indian contract law and securities regulations.

1. Parties: Identifies and defines the parties to the agreement - typically the Put Option Holder and the Put Option Writer

2. Background: Provides context for the agreement and explains the parties' intentions

3. Definitions: Defines key terms used throughout the agreement

4. Grant of Put Option: Details the specific terms of the put option being granted, including the underlying asset and strike price

5. Exercise Period: Specifies the duration during which the put option can be exercised

6. Exercise Procedure: Outlines the process and requirements for exercising the put option

7. Purchase Price and Payment: Specifies the strike price and payment mechanics upon exercise

8. Representations and Warranties: Standard representations and warranties from both parties

9. Covenants: Ongoing obligations of the parties during the term of the agreement

10. Events of Default: Defines circumstances constituting default and consequences

11. Termination: Conditions and process for agreement termination

12. Governing Law and Jurisdiction: Specifies Indian law as governing law and defines jurisdiction for disputes

13. Notices: Details how formal communications between parties should be made

14. General Provisions: Standard boilerplate provisions including assignment, amendments, and severability