Creditors Wind-Up Petition (Compulsory Liquidation)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Winding-up petitionBusiness activity
Wind up companyA winding-up petition is a legal document that is filed in order to force a company to dissolve. This is usually done when the company is insolvent and is unable to pay its debts. The petition must be filed by a creditor of the company and will be heard by a judge. If the judge decides that the company is indeed insolvent, then they will order for the company to be wound up and all of its assets to be sold off in order to pay off its debts.
The template likely includes sections addressing the necessary details and steps involved in making this petition, such as the identification of the petitioner, the financial claims owed by the debtor company, and a summary of the reasons why the petitioner is seeking compulsory liquidation. It may also include instructions on serving the petition to the debtor company, providing notice to interested parties, and the documents needed to support the creditor's claim.
The main purpose of this legal template is to assist creditors in taking legal action against a company that has not been able to pay its debts. By following the provided format and filling in the relevant information, the template helps ensure that the necessary legal requirements are met, increasing the likelihood of a successful winding-up petition.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Witness Statement of Truth Verifying Compulsory Liquidation
This template serves as a formal document that witnesses can use to confirm the accuracy and truthfulness of their statements regarding the company's liquidation proceedings. The statement includes relevant details such as the witness's personal information, their involvement or knowledge of the liquidation process, and a declaration that the information provided is true to the best of their knowledge.
By providing this Witness Statement of Truth, witnesses affirm their commitment to the legal obligations of their statements and acknowledge that any false information could result in legal consequences. This template aims to ensure transparency, integrity, and the proper administration of the compulsory liquidation process under UK law.
Publisher
Genie AIJurisdiction
England and WalesVideo Production Commission Agreement
The template covers essential elements related to video production, such as project scope, timeline, budget, ownership of intellectual property rights, cancellation or termination provisions, and dispute resolution mechanisms. It defines the specific services to be provided by the production company, including pre-production, filming, editing, and delivery.
Additionally, the template may include provisions related to payment terms, confidentiality and non-disclosure agreements, limitations of liability, and indemnification clauses. It also addresses issues surrounding the use of talent, locations, equipment, and third-party services, ensuring compliance with relevant laws and regulations in the UK.
The Video Production Commission Agreement aims to protect the interests of both parties by clearly outlining their respective responsibilities and expectations. By entering into this legally binding contract, the production company and client can establish a solid foundation for their working relationship, mitigating potential disputes and ensuring a smooth and collaborative video production process in accordance with UK law.
Publisher
Genie AIJurisdiction
England and WalesWorks Contractor Collateral Warranty (To Purchaser/Tenant)
In construction and property projects, the works contractor collateral warranty serves as an additional layer of protection for the purchaser or tenant, ensuring that they have direct contractual rights against the works contractor in case of any defects or issues with the works carried out. This warranty is typically used when a third party, such as a funder or an employer, requires additional assurances regarding the performance of a works contractor.
The template includes essential clauses that cover various aspects of the agreement, such as the scope of works, quality standards, fitness for purpose, compliance with regulations, and insurance requirements. It also sets out the specific obligations and responsibilities of the works contractor, such as rectifying defects or deficiencies, providing maintenance and aftercare services, and indemnifying the purchaser or tenant against any losses or damages incurred due to the contractor's negligence or breach of contract.
By using this legal template, both parties can clearly define their rights and obligations, providing peace of mind and legal recourse if any disputes arise throughout the project or during the occupation of the property. It adheres to UK law, taking into account relevant legislation, regulations, and common legal practices within the construction and property sectors in the United Kingdom.