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The Land Option Contract serves as a crucial instrument in Danish real estate transactions, particularly in development projects where parties need time to assess feasibility, obtain permits, or arrange financing before committing to a purchase. This document is commonly used when a potential purchaser identifies land of interest but requires time to conduct due diligence, secure planning permissions, or arrange funding before proceeding with the acquisition. The agreement provides security for the option holder while allowing the landowner to receive consideration during the option period. It must comply with Danish property law, including the Registration of Property Act (Tinglysningsloven) and the Planning Act (Planloven), and typically includes provisions for due diligence, conditions for exercise, and completion mechanics.

1. Parties: Identification of the option grantor (landowner) and option holder, including full legal names, addresses, and registration numbers if applicable

2. Background: Context of the agreement, including brief description of the property and the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement, including 'Option Period', 'Option Price', 'Purchase Price', etc.

4. Property Description: Detailed description of the land subject to the option, including cadastral numbers and exact boundaries

5. Grant of Option: Express grant of the option rights, including exclusivity provisions if applicable

6. Option Period: Duration of the option, including start and end dates, and any extension mechanisms

7. Option Price: Amount payable for the option itself, payment terms, and whether it's credited against the purchase price

8. Purchase Price: The price for the land if the option is exercised, including any adjustment mechanisms

9. Exercise of Option: Process and formalities for exercising the option, including notice requirements

10. Completion: Procedures and requirements for completing the purchase if the option is exercised

11. Landowner's Obligations: Obligations of the landowner during the option period, including maintenance and restrictions on dealing with the property

12. Termination: Circumstances under which the agreement can be terminated and consequences of termination

13. Governing Law and Jurisdiction: Confirmation of Danish law as governing law and jurisdiction for disputes

14. Notices: Process for serving formal notices under the agreement

15. Entire Agreement: Standard entire agreement clause confirming this document represents the complete agreement between parties