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1. Intellectual Property Rights: Required if the option involves IP rights or licenses

2. Regulatory Compliance: Include if the subject matter is regulated or requires specific compliance measures

3. Due Diligence: Include if option exercise is subject to due diligence conditions

4. Competition Law Compliance: Required if the agreement could have competition law implications

5. Assignment and Sub-licensing: Include if transfer or sub-licensing rights are relevant

6. Force Majeure: Include for longer-term options or where external factors might affect exercise

7. Tax Provisions: Include if there are specific tax implications or allocations

8. Insurance: Include if specific insurance requirements apply during the option period

1. Schedule 1 - Subject Matter Description: Detailed description of what the option is for (e.g., assets, rights, shares)

2. Schedule 2 - Option Exercise Notice: Template form for exercising the option

3. Schedule 3 - Pricing Mechanism: Detailed pricing calculations or formulae if complex

4. Schedule 4 - Due Diligence Requirements: List of required due diligence items if applicable

5. Schedule 5 - Existing Rights or Encumbrances: List of any existing rights or encumbrances affecting the option

6. Appendix A - Required Regulatory Approvals: List of necessary regulatory approvals if applicable