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1. Due Diligence: Required when the option involves complex assets requiring investigation

2. Competition Compliance: Needed when the option agreement might raise competition law concerns

3. Intellectual Property Rights: Required when the option involves IP rights

4. Tax Provisions: Necessary when the option exercise has significant tax implications

5. Assignment and Sub-licensing: Include when transfer rights are relevant to the transaction

6. Force Majeure: Optional clause for handling unforeseen circumstances

7. Data Protection: Required when personal data processing is involved

8. Insurance: Include when specific insurance requirements are needed

1. Schedule 1 - Subject Matter of the Option: Detailed description of the rights or assets subject to the option

2. Schedule 2 - Option Exercise Notice: Form of notice to be used when exercising the option

3. Schedule 3 - Option Fee Structure: Detailed breakdown of option fees and payment terms

4. Schedule 4 - Due Diligence Requirements: List of due diligence materials and requirements if applicable

5. Schedule 5 - Form of Definitive Agreement: Draft of the agreement to be entered into upon exercise of the option

6. Appendix A - Power of Attorney: If required for option exercise or related actions