Option to Buy Agreement Long

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Option to Buy Agreement Long

Option to Buy Agreement Long

1. Parties

This Option to Buy Agreement ("Agreement") is made and entered into this {{day}} day of {{month}}, {{year}}, By and Between: {{option_grantor_company_name}}, a company duly incorporated under the laws of {{option_grantor_jurisdiction}}, with its registered address at {{option_grantor_address}} (hereinafter referred to as the "Grantor"); AND {{option_holder_company_name}}, a company duly incorporated under the laws of {{option_holder_jurisdiction}}, with its registered address at {{option_holder_address}} (hereinafter referred to as the "Holder").

2. Grant of Option

The Grantor hereby grants to the Holder an exclusive option (the "Option") to purchase the following asset/property (the "Property"): {{property_description}} located at {{property_address}}.

The Option is granted for a period commencing on {{start_date}} and expiring at {{time}} on {{end_date}} (the "Option Period").

3. Option Price and Consideration

In consideration for the grant of this Option, the Holder shall pay a non-refundable option fee of {{option_fee_currency}} {{option_fee_amount}} to the Grantor upon the execution of this Agreement. This option fee shall {{be_applied_to_purchase_price/not_be_applied_to_purchase_price}} if the Option is exercised.

The purchase price of the Property, if the Option is exercised, shall be {{purchase_price_currency}} {{purchase_price_amount}} (the "Purchase Price").

4. Exercise of Option

The Holder may exercise this Option at any time during the Option Period by providing written notice to the Grantor at {{grantor_notice_address}}. The notice must clearly state the Holder's intention to exercise the Option.

5. Closing

If the Option is exercised, the closing of the sale and purchase of the Property shall take place on or before {{closing_date}} at {{closing_location}} or such other date and location as the Parties may mutually agree.

6. Default

Should the Holder fail to exercise the Option within the Option Period, this Agreement shall automatically terminate, and the Option Fee shall be retained by the Grantor.

7. Governing Law and Jurisdiction

This Agreement shall be governed by and construed in accordance with the laws of {{governing_jurisdiction}}. The Parties irrevocably submit to the exclusive jurisdiction of the courts of {{jurisdiction_for_disputes}} for the resolution of any disputes arising under this Agreement.

8. Entire Agreement

This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

Signature Block

IN WITNESS WHEREOF, the Parties have executed this Option to Buy Agreement as of the date first written above. GRANTOR: _____________________________ Name: {{grantor_name}} Title: {{grantor_title}} HOLDER: _____________________________ Name: {{holder_name}} Title: {{holder_title}}