Assignments & Options

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For use when one party has an option to purchase shares but decides to assign the option to another party.

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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
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Assignment of Option of Purchase Share

 

 

THIS ASSIGNMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Assignor] (the "Assignor") of [Address of Assignor] and [Name of Assignee] (the "Assignee") of [Address of Assignee].
WHEREAS:
(A)   Pursuant to an Option Agreement (the “Option”) dated as of [Date of Option Agreement (ie. August 21, 2000)], [Name of Person Granting the Option] (the "Optionor") gave to the Assignor, the right to purchase [Number and Class of Optioned Shares (ie. 1,000 Common)] Shares of [Name of Corporation whose shares have been optioned] from the Optionor on the terms and conditions contained therein;
(B)   The Assignee is desirous of acquiring the Option and the Assignor is desirous of selling the Option;
NOW THEREFORE IN CONSIDERATION of Amount Paid by Assignee to Assignor for Option (ie. $10,000)] now paid by the Assignee to the Assignor, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1.   The Assignee hereby pays to the Assignor the said sum of Amount Paid by Assignee to Assignor for Option (ie. $10,000)] in consideration of the purchase of the Option.
2.   The Assignor hereby sells, assigns and transfers unto the Assignee all of his right, title and interest in and to the Option and the shares therein described.
3.   The Assignor covenants and represents that:
(a)   he has the full right, power and authority to assign the Option;
(b)   he has not done or permitted any act whereby the Option or any interest therein was previously assigned, sold transferred to otherwise mortgaged, charged or encumbered.
4.    This Assignment is governed by and shall be construed in accordance with the laws of the State of [State (ie. California)].
IN WITNESS WHEREOF the Assignor executed this Assignment as of the date first above written.
 
 
 
Witness
 
[Name of Assignor]
 
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28499
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
 
 
Assignment of Option of Purchase Share

 

 

THIS ASSIGNMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of Assignor] (the "Assignor") of [Address of Assignor] and [Name of Assignee] (the "Assignee") of [Address of Assignee].
WHEREAS:
(A)   Pursuant to an Option Agreement (the “Option”) dated as of [Date of Option Agreement (ie. August 21, 2000)], [Name of Person Granting the Option] (the "Optionor") gave to the Assignor, the right to purchase [Number and Class of Optioned Shares (ie. 1,000 Common)] Shares of [Name of Corporation whose shares have been optioned] from the Optionor on the terms and conditions contained therein;
(B)   The Assignee is desirous of acquiring the Option and the Assignor is desirous of selling the Option;
NOW THEREFORE IN CONSIDERATION of Amount Paid by Assignee to Assignor for Option (ie. $10,000)] now paid by the Assignee to the Assignor, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:
1.   The Assignee hereby pays to the Assignor the said sum of Amount Paid by Assignee to Assignor for Option (ie. $10,000)] in consideration of the purchase of the Option.
2.   The Assignor hereby sells, assigns and transfers unto the Assignee all of his right, title and interest in and to the Option and the shares therein described.
3.   The Assignor covenants and represents that:
(a)   he has the full right, power and authority to assign the Option;
(b)   he has not done or permitted any act whereby the Option or any interest therein was previously assigned, sold transferred to otherwise mortgaged, charged or encumbered.
4.    This Assignment is governed by and shall be construed in accordance with the laws of the State of [State (ie. California)].
IN WITNESS WHEREOF the Assignor executed this Assignment as of the date first above written.
 
 
 
Witness
 
[Name of Assignor]
 

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