Put And Call Option Agreement Template – Australia

Disclaimer

The information provided serves as a general example concerning contractual agreements that grant options to buy or sell assets within an Australian legal context. It is not legal advice and should not replace consultation with a qualified legal professional specializing in Australian property or contract law. Regulations may vary across jurisdictions, and adjustments might be necessary to ensure compliance with local legal requirements. The use of this example is solely at the user’s discretion, and we accept no responsibility for errors, omissions, or consequences resulting from its application without professional legal review.

Please note: This is a sample Put and Call Option Agreement template for Australia, provided for illustrative purposes only. Actual terms may vary based on specific negotiations and applicable Australian laws.

Put and Call Option Agreement (Australia) Sample

Parties Involved:

Optionor: XYZ Pty Ltd
Address: 123 Business Road, Sydney NSW 2000

Optionee: ABC Investments Pty Ltd
Address: 456 Investment Drive, Melbourne VIC 3000

Subject Property:

The property subject to this agreement is located at 789 Example Street, Sydney NSW 2001, or other specified assets as detailed herein.

Option Terms:

The Optionor grants the Optionee an exclusive right to purchase (Put Option) or sell (Call Option) the specified property or asset for a period of six months, with an option premium payable upon signing this agreement.

Obligations of Parties:

The Optionor agrees to maintain ownership and not to sell the property during the option period. The Optionee agrees to exercise the option within the specified term and fulfill payment obligations as outlined.

Governing Law:

This agreement shall be governed by the laws of New South Wales, Australia. Any disputes shall be subject to the jurisdiction of Australian courts.

Additional Terms:

• The parties shall act in good faith during the option period.
• Amendments to this agreement must be in writing and signed by both parties.
• The exercise of the option shall be subject to the terms detailed herein, including payment conditions.

Sydney, ______________________