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Business Shares Agreement
"I need a Business Shares Agreement for the sale of 30% shareholding in my Singapore technology startup to a venture capital investor, with specific provisions for board representation and future funding rounds, to be completed by March 2025."
1. Parties: Details of all parties involved in the share transaction
2. Background: Context of the transaction and company information
3. Definitions: Key terms used throughout the agreement
4. Share Details: Description of shares being transferred including class, number, and price
5. Payment Terms: Details of consideration and payment structure
6. Completion: Conditions precedent and completion mechanics
7. Representations and Warranties: Standard warranties from both parties
8. Governing Law: Jurisdiction and applicable law
1. Tag-Along Rights: Rights of minority shareholders to join in sale of shares when protecting minority shareholders
2. Drag-Along Rights: Rights of majority shareholders to force minorities to join in sale when majority shareholders need exit flexibility
3. Non-Competition: Restrictions on competing activities when selling shareholders might compete
4. Share Transfer Restrictions: Limitations on future transfer of shares when parties want to control future ownership
1. Share Certificate: Copy of share certificates being transferred
2. Company Information: Details of company structure, assets, and liabilities
3. Disclosure Letter: Disclosures against warranties
4. Board Resolutions: Approving the share transfer
5. Shareholders' Agreement: Referenced agreement governing relationships between shareholders
Authors
Board
Business Day
Company
Completion
Completion Date
Confidential Information
Consideration
Encumbrance
Group
Law
Losses
Material Adverse Change
Parties
Purchase Price
Regulatory Authority
Sale Shares
Selling Shareholder
Shares
Share Certificate
Shareholders' Agreement
Singapore
SGD
Stamp Duty
Subsidiaries
Tax
Transaction
Transfer
Warranties
Working Hours
Purchase Price
Payment Terms
Completion
Conditions Precedent
Representations and Warranties
Seller Warranties
Buyer Warranties
Pre-Completion Obligations
Post-Completion Obligations
Share Transfer Mechanics
Board Approval
Regulatory Compliance
Confidentiality
Non-Competition
Non-Solicitation
Tag-Along Rights
Drag-Along Rights
Pre-Emptive Rights
Share Certificates
Stamp Duty
Tax Obligations
Indemnification
Dispute Resolution
Governing Law
Assignment
Notices
Force Majeure
Entire Agreement
Severability
Costs and Expenses
Further Assurance
Termination
Amendment
Waiver
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