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Put Option Deed Template for New Zealand

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Key Requirements PROMPT example:

Put Option Deed

"I need a Put Option Deed under New Zealand law for a minority shareholder to have the right to sell their 15% shareholding in a technology company back to the majority shareholder at fair market value, exercisable between January 2025 and June 2025."

Document background
The Put Option Deed is a crucial legal instrument in New Zealand business transactions, particularly used in investment, shareholding, and asset disposal arrangements. It provides a mechanism for risk management and exit strategies by giving the option holder the right to sell assets or securities at predetermined terms. This document type is commonly used in corporate transactions, joint ventures, and investment arrangements where parties need to establish clear rights and obligations regarding future sales. The Put Option Deed must comply with New Zealand's regulatory framework, including the Financial Markets Conduct Act 2013 and Contract and Commercial Law Act 2017. It typically includes detailed provisions about exercise mechanics, pricing, completion procedures, and warranties, making it suitable for complex commercial arrangements where certainty of execution is essential.
Suggested Sections

1. Parties: Identifies and provides details of all parties to the deed

2. Background: Sets out the context and purpose of the put option deed

3. Definitions and Interpretation: Defines key terms and establishes interpretation principles

4. Grant of Put Option: Establishes the fundamental grant of the put option right

5. Option Period: Specifies the duration during which the put option may be exercised

6. Exercise Price: Details the price at which the option can be exercised

7. Exercise of Option: Specifies the process and requirements for exercising the option

8. Completion: Sets out the completion process following option exercise

9. Warranties and Representations: Contains warranties given by each party

10. Confidentiality: Establishes confidentiality obligations regarding the deed and transaction

11. Notices: Specifies how formal notices must be given between parties

12. General Provisions: Contains standard boilerplate provisions including governing law, jurisdiction, and amendment procedures

Optional Sections

1. Security: Required if any security is being provided to support the put option obligations

2. Third Party Rights: Needed if any third parties have rights under the deed

3. Tag Along Rights: Include if other shareholders have rights to participate in the sale

4. Drag Along Rights: Include if the option holder can force other shareholders to sell

5. Pre-emptive Rights: Required if existing shareholders have first right of refusal

6. Anti-dilution Provisions: Include if protection against dilution is required

7. Foreign Investment Provisions: Required if transaction involves overseas investment considerations

8. Tax Provisions: Include specific tax treatment or allocation provisions if required

Suggested Schedules

1. Schedule 1 - Asset Description: Detailed description of the assets/shares subject to the put option

2. Schedule 2 - Option Exercise Notice: Form of notice to be used when exercising the option

3. Schedule 3 - Completion Requirements: Detailed list of completion deliverables and requirements

4. Schedule 4 - Warranties: Detailed warranties given by the parties

5. Schedule 5 - Pricing Mechanism: Detailed methodology for calculating the exercise price if not fixed

6. Schedule 6 - Security Details: Details of any security arrangements (if applicable)

7. Appendix A - Corporate Approvals: Copies of relevant corporate approvals and resolutions

8. Appendix B - Transfer Forms: Pro forma transfer documents required for completion

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
















































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Relevant Industries

Financial Services

Investment Banking

Private Equity

Real Estate

Mining and Resources

Agriculture

Manufacturing

Technology

Retail

Professional Services

Relevant Teams

Legal

Finance

Corporate Development

Mergers & Acquisitions

Treasury

Risk Management

Compliance

Corporate Secretariat

Investment

Business Development

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Corporate Lawyer

Investment Manager

Portfolio Manager

Business Development Director

Commercial Director

Risk Manager

Company Secretary

Finance Director

Investment Analyst

Mergers & Acquisitions Director

Corporate Development Manager

Treasury Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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