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Call Option Agreement

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000744
  • Version V 1.0
  • Last Updated 02-19-2024
  • Reviews 0
Document Summary

A call option agreement is used by an owner of shares in a company to record its intent to sell its shares to another party at a specific price and within a specific period Provided that the buyer expresses his desire to purchase these shares. During this period, the owner of the shares may not sell these shares to any other party. The other party known as the “Grantee” may accept such offer by delivering an exercise notice to the owner of the shares known as the “Grantor”.

Description

This agreement contains the following sections:

  1. Definitions and Interpretations
  2. The Option
  3. Exercise Notice
  4. Completion
  5. Grantor’s Warranties and Obligations
  6. Restructuring
  7. Confidentiality
  8. Assignment
  9. Rights of Third Parties
  10. Entire Agreement
  11. Notices
  12. Counterparts
  13. Variation and Waiver
  14. Severance
  15. Governing Law and Jurisdiction
  16. Language

Schedule 1 – Exercise Notice

Jurisdiction

This document is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

  • The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
  • Please delete this front page together with the information contained in the headers, footers, and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
  • Please remove the square brackets and all highlighting prior to signature.