University Spin Out Subscription And Shareholders Agreement
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🖍️ Shareholders' agreementBusiness activity
Create university spin-outA shareholders' agreement is a contract between a company and its shareholders that sets out the rights and responsibilities of the shareholders and the company. The agreement can cover a wide range of topics, including the rights and duties of shareholders, the procedures for making decisions, and the issue of shares.
This agreement governs the relationship between the university and its spin-out company, as well as the shareholders involved in this venture. It sets out the terms and conditions regarding the issuance and subscription of shares, the rights and obligations of the shareholders, and the overall governance structure of the spin-out company.
The template covers various essential aspects, such as the initial funding arrangements, the intellectual property rights transfer from the university to the spin-out, confidentiality provisions, restrictions on competition, and the allocation of voting rights and decision-making powers among the shareholders.
Additionally, the agreement outlines the mechanisms for share transfers and the potential scenarios for exit, including acquisition or initial public offering. It also addresses the potential conflicts of interest that may arise and includes dispute resolution provisions to ensure a fair and orderly resolution process.
Importantly, this legal template aims to protect the interests of both the university and the shareholders, providing a comprehensive framework that promotes transparency, accountability, and a clear understanding of the obligations and rights of all parties involved.
It is crucial for universities engaged in spin-out activities to have a well-drafted legal agreement in place to facilitate the smooth operation of their ventures, attract investors, and safeguard their valuable intellectual property. This template offers a valuable tool for universities looking to commercialize their research and technology while mitigating potential legal risks.
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
Tenant's Notice to Terminate Lease (Break Clause)
The template outlines the required information that tenants should include in their notice, such as their name, address, and contact details, as well as the specific details of the property being leased. Additionally, it includes a reference to the relevant clause in the original lease agreement that grants the tenant the right to terminate the lease using the break clause.
This legal template ensures that tenants follow the correct protocols and procedures when initiating an early termination, safeguarding their rights and minimizing potential disputes with the landlord or managing agent. By utilizing this template, tenants can provide a clear, written notice to their landlord or property management company, adhering to the legal requirements necessary to exercise their right to terminate the lease through the break clause.
Overall, the Tenant's Notice to Terminate Lease (Break Clause) under UK law serves as a crucial document for tenants wishing to end their lease agreement prematurely, offering a formal and professional way to initiate the process while maintaining compliance with the legal framework outlined in UK tenancy regulations.
Publisher
Genie AIJurisdiction
England and WalesTanker Driver Contract
This Tanker Driver contract template is designed for a commercial tanker logistics organisation (or an individual tanker driver) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of tanker logistics and tanker-logistics-related services to be completed by the tanker driver on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the tanker logistics firm or individual tanker driver on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
