This Assignment of Option to Purchase Shares is for use when an individual has an option agreement to purchase shares of a corporation but opts to assign this option to someone else. This assignment sets out the specific terms of this business arrangement in writing. A written Assignment of Option to Purchase Shares will prove valuable in the event of disagreements, misunderstandings or litigation.

This Assignment of Option to Purchase Shares for your state includes the following:

• Parties: This provision sets forth the date of the agreement and the names and addresses of both the assignor and assignee;
• Option Agreement: This provision sets forth the date of the option agreement, the name of the optioner, the number and class of optioned shares and name of the corporation whose shares are optioned;
• Consideration: This provision sets forth the amount paid by assignee to assignor for the optioned shares.

Protect your Rights and your Business by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:

1. General Instructions
2. Assignment of Option to Purchase Shares for your state

State Law Compliance: This form complies with the laws of your state