California Exclusive Option Agreement

State:
Multi-State
Control #:
US-EG-9434
Format:
Word; 
Rich Text
Instant download

Description

Exclusive Option Agreement between UTEK Corporation and John Hopkins University regarding exclusive option to license on an exclusive basis certain technology dated 00/00. 2 pages.
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FAQ

Options contracts in financial markets are traded on both exchanges and Over-the-Counter (OTC). The price of an option in financial markets is usually determined by the following factors: the price of the underlying asset, the strike price, the expiration date, and the type of option.

Options contracts contain the elements of a typical contract, including: The offer made by a promisor. The acceptance of a promisee. Consideration (this is the exchange of something of value for something else of value) Mutuality of parties. Legal capacity for parties to enter into the contract. Legally acceptable terms.

An option agreement sets out a definitive timescale - and can also provide for an up-front payment as an incentive to the owner to create the opportunity. Your community body requires time to put together a funding package for a property acquisition and/or its subsequent development .

An option agreement is a contract between the owner of a property and a potential buyer, giving the buyer the right to serve notice upon the seller to sell the property either at an agreed price or at its market value. Often, the purchaser will pay the seller a fee for entering into an option agreement.

An option contract has two elements: 1) the underlying contract which is not binding until accepted; and 2) the agreement to hold open to the optionee the opportunity to accept. In addition, an option contract requires consideration.

The right of first refusal granted herein shall terminate (i)with respect to any particular First Refusal Space upon the failure by Tenant to exercise its right of first refusal with respect to the First Refusal Space so offered by Landlord pursuant to the terms of this Section1.

Exclusive Option Agreement means the Exclusive Option Agreement entered into on the same day of this Agreement by and between the Pledgor, Domestic Company and Beneficiary, ing to which the Pledgor agrees to grant an exclusive option of purchasing its pledged equity right to the Beneficiary.

The contract must be in writing. The contract must specify the location, such as the lot and block, subdivision, city, and state. The agreed-upon time frame of the contract must grant the buyer's right to purchase. The buyer and the seller must agree upon the purchase price.

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California Exclusive Option Agreement