1. Parties: Identification and details of the option grantor (property owner) and option holder, including full legal names, addresses, and registration numbers for legal entities
2. Background: Context of the option agreement, including the property owner's willingness to grant the option and the potential buyer's interest in acquiring the property
3. Definitions: Definitions of key terms used throughout the agreement, including Property, Option Period, Strike Price, and other relevant terms
4. Property Description: Detailed description of the property subject to the option, including cadastral references, address, and boundaries as registered in Belgian property records
5. Option Grant: Express grant of the option, specifying it as either a call option (right to buy) or put option (right to sell)
6. Option Period: Duration of the option, including start date and expiration date, with specific timing for exercise notification
7. Purchase Price: Strike price for the property if the option is exercised, including any price adjustment mechanisms
8. Option Premium: Amount payable for the option itself, payment terms, and whether it's deductible from the final purchase price
9. Exercise Procedure: Detailed process for exercising the option, including form and timing of notice requirements
10. Conditions: Any conditions precedent or subsequent affecting the option or its exercise
11. Representations and Warranties: Standard declarations by both parties regarding their capacity, authority, and the property's status
12. Registration: Provisions regarding registration of the option agreement with relevant Belgian authorities
13. Governing Law and Jurisdiction: Confirmation of Belgian law as governing law and designation of competent courts
