Purchase Option Agreement (Genie AI)

The Purchase Option Agreement (Genie AI) under USA law is a legal template that outlines the terms and conditions for granting a party the right to purchase a specific property or asset, with Genie AI serving as the platform facilitating this agreement. This document would define the rights and obligations of the parties involved, including the property owner and the potential buyer who holds the option. The template would cover essential details such as the purchase price, option fee, term of the agreement, and any additional provisions required under US law. It would aim to establish a legally binding agreement that protects the interests of both parties while providing a clear framework for the exercise of the purchase option.