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1. Due Diligence: Used when the option holder requires a due diligence period before exercise

2. Conditions Precedent: Include when certain conditions must be met before option exercise

3. Assignment: Include if the option rights may be transferred to third parties

4. Tax Provisions: Detailed section needed for high-value transactions or real estate options

5. Registration: Required for options involving real property

6. Escrow Arrangements: Used when an escrow agent will hold documents or payments

7. Force Majeure: Include for long-term options where external events might affect performance

1. Schedule A - Property Description: Detailed technical description of the subject matter of the option

2. Schedule B - Payment Schedule: Detailed breakdown of payment terms and installments if applicable

3. Schedule C - Form of Exercise Notice: Template notice for exercising the option

4. Schedule D - Due Diligence Requirements: List of documents and information to be provided during due diligence

5. Schedule E - Encumbrances: List of existing liens, encumbrances, or restrictions on the subject matter

6. Appendix 1 - Required Documents: List of documents required for closing the sale upon exercise

7. Appendix 2 - Property Documents: Copies of relevant property documents, titles, or certificates