Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of the seller (who will have the buy-back right) and the buyer, including their complete legal names, addresses, and tax identification numbers
2. Background: Context of the transaction, including the original sale and the agreement to grant a buy-back option
3. Definitions: Key terms used throughout the agreement, including 'Option Period', 'Purchase Price', 'Buy-Back Price', and 'Exercise Notice'
4. Sale and Purchase: Details of the initial sale transaction including the asset description and initial purchase price
5. Grant of Buy-Back Option: Explicit grant of the option to buy back the asset, including the option period and exercise price
6. Exercise of Option: Procedure for exercising the buy-back option, including notice requirements and payment terms
7. Warranties and Representations: Statements regarding ownership, authority to sell, and condition of the asset
8. Maintenance and Use of Asset: Obligations regarding the maintenance and permitted use of the asset during the option period
9. Taxes and Expenses: Allocation of taxes, registration fees, and other costs related to both the initial sale and potential buy-back
10. Governing Law and Jurisdiction: Specification of Philippine law as governing law and choice of courts
11. Execution: Signature blocks and execution requirements
1. Security Provisions: Required when the asset needs specific security arrangements during the option period
2. Insurance: Needed when the asset requires insurance coverage during the option period
3. Third Party Rights: Include when there are potential third-party interests or rights that need to be addressed
4. Assignment: Include when either party may need to assign their rights under the contract
5. Force Majeure: Include when the nature of the asset or transaction warrants protection against unforeseeable circumstances
6. Mortgage Provisions: Required when the asset is or may be subject to a mortgage
7. Registration Requirements: Include when the asset requires specific registration (e.g., real property, vehicles)
1. Schedule 1 - Asset Description: Detailed description of the asset including specifications, condition, and any identifying numbers
2. Schedule 2 - Initial Purchase Price Calculation: Breakdown of the initial purchase price including any adjustments
3. Schedule 3 - Buy-Back Price Calculation: Formula or fixed amount for the buy-back price, including any adjustments or interest
4. Schedule 4 - Form of Exercise Notice: Template notice for exercising the buy-back option
5. Schedule 5 - Condition Report: Detailed report of the asset's condition at the time of initial sale
6. Appendix A - Required Documents: List of documents required for both initial sale and buy-back transaction
7. Appendix B - Payment Terms: Detailed payment terms and procedures for both initial sale and buy-back
Find the exact document you need
Option Agreement For Purchase Of Real Property
A Philippine law-governed agreement granting exclusive rights to purchase real property at predetermined terms within a specified timeframe.
Option To Renew Contract
A Philippine law-governed agreement that grants one party the right to extend an existing contract under specified terms and conditions.
Land Purchase Option Agreement
A Philippine law-governed agreement granting exclusive rights to purchase specified land within a set timeframe and price, subject to local property regulations.
Buy Back Option Contract
A Philippine law-governed contract granting the seller the right to repurchase an asset from the buyer under specified terms and conditions.
Option Extension Agreement
A Philippine law-governed agreement that extends the duration of an existing option agreement, specifying new terms and expiration date.
Option Cancellation Agreement
A Philippine law-governed agreement that terminates an existing option agreement and documents the terms of cancellation, including mutual releases and regulatory compliance requirements.
Option And Purchase Agreement
A Philippine law-governed agreement granting the right to purchase property or assets within a specified timeframe under predetermined conditions.
Vehicle Lease Agreement With Option To Purchase
A Philippine law-governed agreement for vehicle leasing with a purchase option, combining lease terms with potential ownership transfer provisions.
Land Lease To Own Contract
A Philippine law-governed agreement enabling property lease with option to purchase, incorporating rental payments toward final purchase price.
Lease To Own Document
A Philippine law-governed agreement that enables property rental with an option to purchase, combining lease terms with future buying rights.
Option Sales Contract
A Philippine law-governed contract granting the right to purchase specific assets at predetermined terms within a defined period.
First Refusal Agreement
A Philippine law-governed agreement granting one party the right to enter into a transaction before third parties, establishing terms and procedures for exercising this right.
Purchase Agreement With Payment Plan
Philippine law-governed agreement for the sale of goods or property with structured payment terms and consumer protection provisions.
Non Exclusive Option Agreement
A Philippine law-governed agreement granting non-exclusive rights to enter into a future transaction or secure specific rights, with defined exercise terms and conditions.
Master Lease With Option To Purchase
A Philippine law-governed agreement combining property lease terms with a future purchase option, establishing rights and obligations for both temporary use and potential ownership transfer.
Lease With Option To Buy Commercial Property
A Philippine law-governed agreement combining commercial property lease terms with a future purchase option, structured to facilitate potential property acquisition through an initial lease period.
Lease To Own Land Agreement
A Philippine law-governed agreement combining property lease terms with a purchase option, enabling gradual property acquisition through structured payments.
Equipment Lease Agreement With Option To Purchase
Philippine-law governed agreement for equipment leasing with purchase option, detailing lease terms and conditions for potential ownership transfer.
Cash Payment Agreement
A Philippine law-governed agreement establishing terms and conditions for cash-based financial transactions, including payment obligations and regulatory compliance requirements.
First Option To Buy Agreement
A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets within a defined period, subject to agreed terms and conditions.
Lease Option Agreement Contract
A Philippine law-governed agreement combining property lease terms with an option to purchase, establishing rights and obligations for both temporary occupation and potential ownership transfer.
Short Term Investment Agreement
A Philippine law-governed agreement establishing terms and conditions for short-term investments, including investment amount, returns, and regulatory compliance requirements.
Seller Financing Purchase Agreement
A Philippine law-governed agreement combining property sale and seller-provided financing terms, enabling direct property purchase without traditional bank financing.
Rental Agreement With Option To Purchase
A Philippine law-governed agreement combining property rental terms with an option for the tenant to purchase the property under specified conditions.
Residential Lease Agreement With Option To Purchase
A Philippine law-governed agreement combining residential property lease terms with an option for the tenant to purchase the property under specified conditions.
Real Estate Option To Purchase Agreement
A Philippine law-governed agreement granting an exclusive right to purchase specified real estate at predetermined terms within a defined period.
Outright Purchase Agreement
A Philippine law-governed agreement for the complete and immediate transfer of ownership of assets from seller to buyer for a defined price.
Option To Lease Agreement
A Philippine law-governed agreement granting exclusive rights to lease a property within a specified period, including option terms and proposed lease conditions.
Option To Buy Land Agreement
A Philippine law-governed agreement granting exclusive rights to purchase specified land within a defined period, subject to agreed terms and local property laws.
Land Option Contract
A Philippine-compliant agreement granting an exclusive right to purchase specified land within a defined period, subject to agreed terms and local property laws.
Option Agreement Land
A Philippine law-governed agreement granting exclusive rights to purchase specified land at predetermined terms within a set timeframe.
Option To Buy Contract
A Philippine law-governed agreement granting exclusive rights to purchase specific property or assets under predetermined terms and conditions.
Vehicle Lease To Own Agreement
A Philippine law-governed agreement establishing terms for vehicle leasing with an eventual purchase option, combining lease and sale elements in compliance with local regulations.
Option Agreement (Real Estate)
A Philippine law-compliant agreement granting exclusive rights to purchase specified real estate at a predetermined price within a defined period.
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it

.png)