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Termination Of Shareholders Agreement
"I need a Termination Of Shareholders Agreement for our UK-based technology startup, as two minority shareholders are exiting the company and we need to formally end their involvement and ensure confidentiality provisions survive the termination, with an effective date of March 1, 2025."
1. Parties: Details of all shareholders and the company
2. Background: Context of the original agreement and reasons for termination
3. Definitions: Key terms used in the termination agreement
4. Termination: Express termination of the shareholders agreement and effective date
5. Release of Obligations: Mutual release from future obligations under the original agreement
6. Surviving Provisions: Clauses that continue to have effect post-termination
7. Governing Law: Confirmation of applicable law and jurisdiction
1. Settlement Terms: Additional section for resolving outstanding obligations and financial matters between the parties
2. Share Transfer Provisions: Specific arrangements for any share transfers that need to occur as part of the termination
3. Confidentiality: Provisions regarding ongoing confidentiality obligations post-termination
4. Non-Compete Provisions: Terms relating to the continuation or termination of any restrictive covenants
1. Schedule 1 - Original Shareholders Agreement: Copy of the agreement being terminated
2. Schedule 2 - Share Register: Current shareholding structure if relevant to termination
3. Schedule 3 - Settlement Schedule: Details of any financial settlements or adjustments
4. Schedule 4 - Board Resolutions: Copies of relevant board approvals for termination
Authors
Release and Discharge
Confidentiality
Surviving Obligations
Return of Documents
Non-Compete
Non-Solicitation
Settlement Terms
Payment Provisions
Share Transfer
Warranties and Representations
Further Assurance
Entire Agreement
Severability
Costs
Notices
Assignment
Third Party Rights
Governing Law
Jurisdiction
Counterparts
Waiver
Variation
Announcements
Dispute Resolution
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