When do I use this document? for the grant of both a put option and call option over shares in a private limited company so that both the buyer has an option to purchase the shares and the seller has an option to sell the shares What are the key features? 24 clauses over 16 pages grant of the put and call options, with related definitions of option shares, exercise conditions and exercise periods put option exercise and form of exercise notice call option exercise and form of exercise notice mechanics for sale and purchase of option shares warranties and undertakings from the seller What else do I need to know? The principal matters which the parties to a put and call option agreement will need to negotiate include: option shares: the number of option shares exercise conditions: whether either option exercise is subject to satisfaction of any pre-conditions exercise periods: the time periods during which the seller may exercise the put option and the buyer may exercise the call option exercise price: the price payable for the shares What other docs are available? For alternative option agreements over shares, see: Call Option Agreement – shares Put Option Agreement – shares

Guarantee: contract clause

Name: Corporate contract guarantee clause- PaperRock Documents
SKU: FIN010.001
Price: 25.00 GBP
Availability: InStock

Clause wording to include in a contract for a company to guarantee the obligations of one party to a contract. Suitable where the guarantor and the guaranteed party are both companies incorporated in England and Wales.

for guarantee clauses to be included in a contract
for a guarantee where both guarantor and the guaranteed party are incorporated in England and Wales

What key features are included?

guarantor to be included as party to the contract
guarantee undertakings given by way of both guarantee and indemnity
standard creditor protections for the continuing effect of the guarantee
warranties from the guarantor
provision for contract to be executed as a Deed

What else do I need to know?

One party to a contract may require that the other party’s obligations under the contract are guaranteed by another person. Rather than entering into a separate deed of guarantee, the guarantee obligations and related wording can be included in the contract itself, with the guarantor also becoming a party to the contract.

What other documents are available?

For a standalone form of guarantee to be given by a company (as opposed to an individual), see

Guarantee: corporate guarantor.

For a form of guarantee to be given by an individual (as opposed to a company), see Guarantee:

individual guarantor.

Description

When do I use this document?

for the grant of both a put option and call option over shares in a private limited company
so that both the buyer has an option to purchase the shares and the seller has an option to sell the shares

What are the key features?

24 clauses over 16 pages
grant of the put and call options, with related definitions of option shares, exercise conditions and exercise periods
put option exercise and form of exercise notice
call option exercise and form of exercise notice
mechanics for sale and purchase of option shares
warranties and undertakings from the seller

What else do I need to know?

The principal matters which the parties to a put and call option agreement will need to negotiate include:

option shares: the number of option shares
exercise conditions: whether either option exercise is subject to satisfaction of any pre-conditions
exercise periods: the time periods during which the seller may exercise the put option and the buyer may exercise the call option
exercise price: the price payable for the shares

What other docs are available?

For alternative option agreements over shares, see:

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£25.00 exc VAT

Updated by a lawyer on 05/09/2024

Updated By a lawyer on 01/05/2023

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Guarantee: contract clause