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Sale Of Shares Form
"I need a Sale Of Shares Form for transferring 30% of my technology startup's shares to a venture capital investor, with completion scheduled for March 2025 and including standard non-compete provisions for the existing shareholders."
1. Parties: Details of the seller(s) and buyer(s) of the shares
2. Background: Context of the transaction and company information
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the share transfer
5. Consideration: Purchase price and payment terms
6. Completion: Timing and mechanics of the transfer
7. Warranties: Standard seller warranties about the shares and company
8. Governing Law: Jurisdiction and applicable law
1. Pre-completion Conditions: Additional conditions that must be met before completion, used in complex transactions with prerequisites
2. Non-compete Provisions: Restrictions on seller's future activities, included when protecting business interests post-sale
3. Tax Covenant: Specific tax-related warranties and indemnities, used for larger transactions or where tax exposure is significant
4. Earn-out Provisions: Future payment mechanisms based on performance, included when part of consideration is performance-based
1. Schedule 1 - Share Details: Specific information about shares being transferred including class, number, and nominal value
2. Schedule 2 - Warranties: Detailed warranties about the company and business
3. Schedule 3 - Company Information: Key details about the target company including corporate information and financial statements
4. Schedule 4 - Completion Requirements: List of documents and actions required at completion
5. Schedule 5 - Disclosure Letter: Exceptions to warranties provided by seller
Authors
Business Day
Company
Completion
Completion Date
Consideration
Encumbrance
Share Certificate
Transfer Date
Board
Articles
Share Transfer Form
Register of Members
Seller
Buyer
Parties
Stamp Duty
Transaction
Representatives
Warranties
Working Hours
Confidential Information
Material Adverse Change
Business
Group
Intellectual Property Rights
Law
Losses
Related Persons
Tax
Third Party Rights
Transfer
Working Day
Consideration
Completion
Warranties
Representations
Conditions Precedent
Payment Terms
Transfer Mechanics
Title and Ownership
Confidentiality
Non-Competition
Non-Solicitation
Indemnification
Tax Covenants
Further Assurance
Notices
Assignment
Entire Agreement
Variation
Waiver
Severability
Force Majeure
Costs
Governing Law
Jurisdiction
Dispute Resolution
Third Party Rights
Counterparts
Stamp Duty
Power of Attorney
Announcements
Company Books and Records
Directors' Resignations
Board Approval
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Sale Of Shares Form
A legally binding document under English and Welsh law that records and effects the transfer of shares between parties.
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