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Short Form Subscription Agreement
"I need a Short Form Subscription Agreement for my tech startup to issue 10,000 ordinary shares to a new angel investor, with completion planned for March 2025 and including basic warranties about our intellectual property."
1. 1. Parties: Identification of the subscribing party and the company issuing shares
2. 2. Background: Context of the subscription and brief description of the transaction
3. 3. Definitions: Key terms used throughout the agreement
4. 4. Subscription: Details of shares being subscribed for and payment terms
5. 5. Completion: Timing and mechanics of the subscription completion
6. 6. Warranties: Basic warranties from both parties
7. 7. Governing Law: Specification of English and Welsh law as governing law
1. Conditions Precedent: Required when completion is subject to certain conditions. Used for complex transactions or regulatory requirements
2. Restrictive Covenants: Restrictions on subscriber's activities. Used when protecting company interests is crucial
3. Tag-Along Rights: Rights to join in sale of shares. Used for minority shareholder protection
1. Schedule 1 - Details of the Company: Company information including share capital structure
2. Schedule 2 - Subscription Details: Detailed breakdown of shares being subscribed for
3. Schedule 3 - Warranties: Detailed warranties (if more extensive warranties are required)
Authors
Articles
Board
Business Day
Companies Act
Company
Completion
Completion Date
Conditions
Confidential Information
Encumbrance
Existing Shareholders
FCA
FSMA
Group
Initial Subscription Price
Parties
Shares
Subscription Price
Subscription Shares
Tax
Transaction Documents
Warranties
Working Hours
Payment
Completion
Conditions Precedent
Warranties
Representations
Undertakings
Confidentiality
Share Rights
Pre-emption Rights
Transfer Restrictions
Board Rights
Information Rights
Tag-Along Rights
Drag-Along Rights
Further Assurance
Assignment
Notices
Costs
Severability
Entire Agreement
Variation
Waiver
Third Party Rights
Counterparts
Governing Law
Jurisdiction
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