The Option Is Subject To The Terms And Conditions Of That Certain Option Agreement Between Sellers Form
Use a The Option Is Subject To The Terms And Conditions Of That Certain Option Agreement Between Sellers template to make your document workflow more streamlined.
What this option agreement does
This form records an option arrangement in which the stated sellers agree to terms governing a potential transaction, subject to the conditions written in the agreement. It should identify the parties, subject matter, consideration, exercise method, notice process, and expiration provisions supplied by the parties. Because no issuing agency, statutory form number, or jurisdiction is provided, it is best treated as a private contract rather than a government filing. signNow can capture electronic signatures and an audit trail, but it does not replace legal review or state-law requirements.
How this option agreement works
This workflow turns a negotiated option agreement into a controlled, signed record without changing its substantive terms.
Upload document: Upload the completed option agreement Review terms: Review fields and agreement terms Route signers: Send to authorized sellers and buyers Preserve evidence: Store signatures with the audit trail
Steps to complete this agreement
Use the signed version of the negotiated option agreement, not an unfinished draft, before beginning the signNow workflow.
Upload agreement:
Upload the final option agreement Check fields:
Review detected fields and terms Assign parties:
Add authorized signers Send agreement:
Send and monitor completion
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Recommended workflow setup
Configure the option agreement around verified parties, clear signing intent, preserved evidence, and the retention rule governing the transaction.
| Setting | Recommendation |
|---|---|
| Authentication method | Email verification with SMS OTP |
| Signature type | Electronic signature with intent evidence |
| Audit trail | Capture timestamps and signer actions |
| Document retention | Follow the agreement and state schedule |
| Encryption | TLS 1.2/1.3 and AES-256 encryption at rest|||| |
Signer authentication and certificates
Digital certificates:
Certificate standard:
Two-factor authentication:
SMS OTP:
ID verification:
Signing records:
What the audit trail records
The audit trail documents how each named party completed this option agreement and preserves evidence separate from the agreement’s substantive provisions.
Authenticate signer:
Capture timestamp:
Hash document:
Seal record:
Log activity:
Retrieve evidence:
Best practices for this option agreement
Accurate party details, defined option terms, controlled signing, and preserved evidence reduce disputes over this specific agreement.
Confirm every material agreement term
Use fields that match the agreement
Verify parties and signing authority
Preserve the signed record
Risks of incomplete option agreements
Disputed obligations
Execution challenge
Authority dispute
Evidence gaps
Troubleshooting this option agreement
These answers address execution, authentication, plan, and retention questions that can arise when this private option agreement is prepared and signed electronically.
Upload the final PDF or source document again, then review signNow’s detected fields before sending. Missing fields can result from a scanned agreement or an unusual layout. Add signature, date, and initials fields manually where the negotiated document requires execution evidence.
Confirm that every recipient email matches the named party and that the signing order reflects the agreement. signNow can route parties sequentially, but it cannot determine whether a recipient actually has authority to bind a seller or buyer.
ESIGN requires intent, electronic-record consent, attribution, and retention capable of accurate reproduction. Use signNow’s signing event and audit trail, while obtaining any consumer disclosure or paper-record consent required by 15 U.S.C. §7001(c).
Business includes legally binding eSignatures, templates, audit trails, and mobile apps at $8/user/month when billed annually. Business Premium is $15/user/month annually and adds bulk send and kiosk mode; choose features based on the agreement workflow.
An electronic signature does not eliminate a state-law notarization or recording requirement. If the option concerns a deed or another instrument requiring notarization, confirm the applicable state process before relying on an electronic execution workflow.
Export the completed agreement and audit trail after all parties sign. Store them together with access controls and follow the applicable contract, state, tax, or industry retention schedule; no universal retention period applies to this unnamed private form.
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