Option Agreement
An Option Agreement allows a company to grant an option to a party to acquire shares in the company at a later date.
4.0 (4 reviews)
Under 10 minutes
Suitable for Australia
Document Overview
This is a basic agreement for a company to grant an option to a party to acquire shares in the company that will be issued in the name of the buyer if the option is exercised. If the option isn't exercised, the shares are not issued. This agreement only applies to shares in a company not listed on the ASX. For listed companies an option must comply with the ASX Listing Rules.
Use this Option Agreement if:
- You are looking to grant an option to purchase shares at a later date
What does the Option Agreement cover?
- Detailed provisions on the key components of an option agreement, including the premium, exercise price, expiry date and method of exercise
- Provisions on the terms of exercise
- Duties of the company and grantee
- Grantee’s rights
- Other provisions on adjustments, acts of default, termination and notices
- A notice of exercise that the grantee can fill in at a future date
What is an Option Agreement also called?
- Share call option
- Company share call option
Further information:
It's never been so easy
Sign-up to a free Lawpath account
Get started and we’ll take care of you. It’s that easy.
Collaborate with e-Sign and Sharing
Having access to your legal documents has never been easier. You can request e-signature, share the document and download for an efficient collaboration.
Create unlimited legal documents and eSignatures for only $39/month.
Upgrade to a Lawpath legal plan to boost your new business.
Here's what people say about Lawpath’s Option Agreement
Reviews are managed by BazaarVoice and comply with the BazaarVoice Authenticity Policy. Reviews are independently verified by BazaarVoice and detail our customers' real experiences.