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Assignable Option Agreement
"I need an Assignable Option Agreement for a manufacturing facility purchase in Penang, Malaysia, with an option period until March 2025 and the ability to assign the rights to any of our subsidiary companies."
1. Parties: Identification of the Option Grantor and Option Holder
2. Background: Context of the agreement and relationship between parties
3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation
4. Grant of Option: Terms of the option grant, including duration and scope
5. Option Price: Amount payable for the option and payment terms
6. Exercise of Option: Procedure and requirements for exercising the option
7. Assignment Rights: Terms and conditions for assigning the option to third parties
8. Representations and Warranties: Statements of fact and assurances from both parties
9. Termination: Circumstances under which the agreement can be terminated
10. Notices: Communication requirements and contact details
11. Governing Law and Jurisdiction: Malaysian law as governing law and jurisdiction provisions
12. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.
1. Regulatory Compliance: Required when the option involves regulated assets or activities
2. Third Party Consents: Needed when assignment requires approval from other parties
3. Security Arrangements: Include when security is required for the option price
4. Tax Provisions: Detailed tax treatment when significant tax implications exist
5. Confidentiality: Required when sensitive information is involved
6. Force Majeure: Include when external events could affect option exercise
7. Anti-corruption Compliance: Required for high-value or government-related transactions
1. Schedule 1 - Subject Matter of Option: Detailed description of the asset, shares, or rights subject to the option
2. Schedule 2 - Option Exercise Notice: Form of notice to be used when exercising the option
3. Schedule 3 - Assignment Notice: Form of notice required for assigning the option
4. Schedule 4 - Completion Requirements: List of documents and actions required upon exercise
5. Schedule 5 - Assignment Procedures: Detailed procedures for executing an assignment
6. Appendix A - Required Consents: List of required third-party or regulatory consents
7. Appendix B - Valuation Methodology: If applicable, method for determining asset value
Authors
Real Estate
Mining
Oil and Gas
Manufacturing
Technology
Agriculture
Financial Services
Telecommunications
Renewable Energy
Infrastructure
Legal
Compliance
Corporate Secretariat
Business Development
Finance
Risk Management
Commercial Operations
Project Management
Investment
Property
Legal Counsel
Contract Manager
Business Development Director
Commercial Director
Chief Financial Officer
Investment Manager
Property Development Manager
Corporate Secretary
Risk Manager
Compliance Officer
General Manager
Managing Director
Project Director
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