Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Type of legal document

🪙 Joint ownership agreement

Business activity

Jointly own shares

Why use a 🪙 Joint ownership agreement?

A joint ownership agreement is a contract between two or more people who own property together. The agreement outlines the rights and responsibilities of each owner, and how the property will be managed and used. Joint ownership agreements are used for both real estate and personal property.

This legal template, the "Joint Ownership Agreement to Jointly Acquire Shares (Trustee and Employee) under UK law," is a legal document that outlines the terms and conditions under which two parties, a trustee and an employee, jointly acquire shares in a company.

The agreement is based on the jurisdiction of the United Kingdom and is used to solidify the understanding between the trustee, who holds the legal title to the shares, and the employee, who is entitled to the beneficial interest in those shares.

The template establishes the rights and obligations of both parties involved in the joint acquisition of shares. It covers essential aspects such as the percentage of shares each party will acquire, the financial contributions required, and the distribution of dividends and voting rights.

Furthermore, the agreement outlines the procedures for dealing with potential disputes, including the process of resolving disagreements and provisions for the transfer or sale of shares in the future. It may also include clauses related to confidentiality, non-competition, and non-solicitation to protect both parties' interests.

Overall, this legal template serves as the foundation for a legally binding and mutually beneficial agreement between a trustee and an employee who wish to jointly acquire and hold shares in a company while complying with UK laws and regulations.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

PRODUCT HUNT
#1 Product of the Day

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

See Genie AI in action

Book your personalised demo now

Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Suspension Pending Investigation Letter

A Suspension Pending Investigation Letter under UK law is a legal template that outlines the process and details for suspending an employee from their job position temporarily while an investigation is conducted to determine their involvement in alleged misconduct or wrongdoing. This letter serves as a formal notification to the employee about the suspension, providing them with a clear explanation of the reasons behind the decision and the potential implications it may have on their employment status.

The template typically includes the date of the letter, the employee's name, their job title, and the name of the organization. It states the reason for the suspension, such as allegations of misconduct, breach of company policies, or any other issues pertaining to their role. It also informs the employee about the potential consequences that may arise from the investigation, including disciplinary actions or termination of employment if the allegations are proven.

Additionally, the letter outlines the terms and conditions of the suspension, such as the duration, any restrictions on entering the workplace or contacting colleagues, and the expectations for maintaining confidentiality during the investigation. It may also specify whether the employee will be entitled to full or partial pay during the suspension period based on relevant employment laws and company policies.

Furthermore, the template may include information regarding the employee's rights, including the right to be accompanied by a colleague or a trade union representative during any investigatory meetings. It should also clarify the process and timelines for the investigation, including any required meetings or interviews, and the employee's responsibility to cooperate fully.

The Suspension Pending Investigation Letter under UK law aims to ensure transparency, fairness, and adherence to employment regulations during the suspension process. By providing a clear and comprehensive framework, this legal template helps employers effectively communicate their decision to suspend an employee pending investigation, while also safeguarding the rights and interests of both parties involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
3
RATINGS
1
DISCUSSIONS
0

Sub-Contractor Collateral Warranty (To Funder)

The Sub-Contractor Collateral Warranty (To Funder) under UK law is a legal template intended to establish a contractual relationship between a sub-contractor and a funder in the construction industry. In this agreement, the sub-contractor provides a warranty to the funder, guaranteeing the performance and completion of their contractual obligations under the main contract entered between the sub-contractor and the main contractor.

This warranty helps to protect the funder's interests by ensuring that they have a direct legal recourse against the sub-contractor in case of any breach of contract or failure to meet the agreed-upon standards. It also provides an additional layer of security for the funder, who may not have direct control over the sub-contractor's contractual obligations.

This legal document clarifies the rights and responsibilities of the sub-contractor, funder, and main contractor, as well as the conditions under which the warranty may be invoked. It may cover various aspects such as the scope of work, quality standards, delivery timelines, payment terms, indemnification clauses, and dispute resolution procedures.

By having a Sub-Contractor Collateral Warranty (To Funder) under UK law in place, all parties involved can have increased confidence and assurance in the successful delivery of the construction project. It provides the funder with added protection and peace of mind, ensuring that they have a legal remedy in the event of any issues arising from the sub-contractor's performance or non-compliance with the main contract.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
6
RATINGS
2
DISCUSSIONS
2

Technology Engineer Contract

This Technology Engineer contract template is designed for a commercial technology engineering organisation (or an individual technology engineer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of technology engineering and technology-engineering-related services to be completed by the technology engineer 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 technology engineering firm or individual technology engineer 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).

Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
6
RATINGS
0
DISCUSSIONS
2