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1. Parties: Identifies the Assignor (current option holder), Assignee, and Original Grantor of the option
2. Background: Recitals explaining the original option grant, its key terms, and the intention to assign
3. Definitions: Defines key terms including Option, Property, Option Period, Purchase Price, and Assignment
4. Assignment: Core clause transferring all rights, title and interest in the Option from Assignor to Assignee
5. Consideration: States the payment amount for the assignment of the option rights
6. Assignor's Warranties: Warranties regarding ownership of option, right to assign, and validity of option
7. Exercise of Option: Procedures and requirements for the Assignee to exercise the assigned option
8. Notices: Requirements for giving valid notices under the assignment
9. Governing Law and Jurisdiction: Specifies Hong Kong law as governing law and Hong Kong courts' jurisdiction
1. Original Grantor's Consent: Required if the original option agreement requires consent for assignment
2. Mortgage Details: Include if the property is subject to existing mortgages or charges
3. Real Estate Agent Provisions: Include if real estate agents are involved in the transaction
4. Stamp Duty Declaration: Required if specific stamp duty arrangements need to be documented
5. Conditions Precedent: Include if assignment is subject to fulfillment of specific conditions
6. Confidentiality: Include if parties require specific confidentiality provisions
7. Further Assurance: Optional clause requiring parties to execute further documents if needed
1. Schedule 1 - Property Details: Full legal description of the property subject to the option
2. Schedule 2 - Original Option Agreement: Copy or key terms of the original option agreement being assigned
3. Schedule 3 - Purchase Price and Payment Terms: Details of the original option purchase price and payment structure
4. Schedule 4 - Form of Notice of Exercise: Template for the notice to exercise the option
5. Appendix A - Property Plans: Property plans or drawings if relevant to the option
6. Appendix B - Required Consents: Copies of any required third-party consents or approvals
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