Create a bespoke document in minutes, Â or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Option To Buy Agreement
"I need an Option To Buy Agreement for a commercial property in Singapore CBD, with a 3-month option period starting March 2025 and an exercise price of SGD 5.2 million, including specific conditions about tenant obligations and building inspection requirements."
1. Parties: Identification and details of the option grantor and grantee
2. Background: Context and purpose of the option agreement
3. Definitions: Key terms used throughout the agreement
4. Grant of Option: Core terms of the option, including subject matter and strike price
5. Option Period: Duration and exercise period of the option
6. Consideration: Option fee and payment terms
7. Exercise Procedure: Process and requirements for exercising the option
8. Completion: Terms regarding the completion of the sale upon exercise
1. Due Diligence: Terms regarding property/asset inspection and review process for complex assets or real property
2. Representations and Warranties: Statements about the condition and ownership of the subject matter, typically included for high-value transactions
3. Conditions Precedent: Conditions that must be met before exercise, used when specific requirements must be met before sale
1. Schedule 1 - Property Details: Detailed description of the property or asset
2. Schedule 2 - Option Exercise Form: Template form for exercising the option
3. Schedule 3 - Payment Schedule: Detailed breakdown of payments and timelines
4. Appendix A - Property Documents: Relevant title documents or certificates
Authors
Find the exact document you need
Download our whitepaper on the future of AI in Legal
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.