Rights Issue Sub-Underwriting Summary Letter
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
📃 Sub-underwriting agreementBusiness activity
Sub-underwriting agreementA sub-underwriting agreement is a contract between a primary underwriter and a sub-underwriter that sets forth the terms and conditions under which the sub-underwriter agrees to take on some or all of the risk associated with an offering of securities. The agreement will typically specify the maximum amount of risk that the sub-underwriter is willing to assume, as well as the compensation that the sub-underwriter will receive for assuming that risk.
In a rights issue, a company offers its existing shareholders the opportunity to purchase additional shares in proportion to their existing shareholding. Sub-underwriting is a practice where a third-party agrees to purchase any shares that are not taken up by existing shareholders in a rights issue, thereby providing a financial guarantee to the issuing company.
This template letter provides a comprehensive summary of the sub-underwriting agreement under the jurisdiction of UK law, detailing the rights and obligations of both the issuing company and the sub-underwriter. It may cover various essential aspects such as the terms of the sub-underwriting arrangement, the number of shares involved, the subscription price, deadlines, payment schedules, and any potential limitations or conditions associated with the sub-underwriting agreement.
Furthermore, the template may outline the legal responsibilities and liabilities of each party involved, including any indemnification clauses or dispute resolution mechanisms in case of disagreements or defaults. It may also provide details regarding the allocation of fees, expenses, or commissions relating to the sub-underwriting transaction.
Overall, this legal template aims to serve as a concise and standardized summary of the sub-underwriting agreement within the framework of UK legislation, allowing both parties to understand their respective roles and responsibilities more effectively while ensuring compliance with legal requirements.
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
Simple Share Purchase Agreement (Simultaneous Exchange and Completion)
The template will establish the identities of both the buyer and the seller, including any relevant details such as their respective addresses and contact information. It will clearly state the number of shares being bought, their corresponding value, and any specific conditions that need to be met before the exchange can take place.
Additionally, the agreement will cover important elements such as the purchase price, payment details, and any warranties or representations made by either party. It may also include provisions related to potential disputes, governing law, and jurisdiction.
This Simultaneous Exchange and Completion Agreement aims to provide a clear and standardized framework for a share purchase transaction, ensuring that both the buyer and seller are aware of their rights and obligations. By using this legal template, parties can avoid potential misunderstandings and disputes, ultimately streamlining the acquisition process.
Publisher
Genie AIJurisdiction
England and WalesSocial Media Marketer Contract
This Social Media Marketer contract template is designed for a commercial social media marketing organisation (or an individual social media marketer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of social media marketing and social-media-marketing-related services to be completed by the social media marketer 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 social media marketing firm or individual social media marketer 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).
Publisher
Genie AIJurisdiction
England and WalesSimple Social Media Policy For Employees (UK)
This document aims to establish clear rules and expectations for employees when utilizing social media platforms, both personally and professionally. It primarily emphasizes the importance of maintaining a positive online reputation and protecting the confidentiality and integrity of the organization.
The template covers various aspects including, but not limited to:
1. Scope: Defining the policy's applicability to all employees and platforms, including personal social media accounts that may impact the employer or work environment.
2. Social Media Usage Guidelines: Outlining acceptable and unacceptable behavior, emphasizing the importance of responsible usage, respectful communication, and adhering to intellectual property rights and legal obligations.
3. Confidentiality and Privacy: Addressing the need to safeguard confidential company information and respecting the privacy rights of the organization, its employees, clients, and partners.
4. Endorsements and Disclaimers: Providing guidelines for employees when endorsing products, services, or the company itself, and requiring the inclusion of appropriate disclaimers to avoid potential legal or ethical issues.
5. Protection against Harassment and Discrimination: Highlighting the prohibition of any discriminatory, offensive, or derogatory content that can harm individuals or damage the organization's reputation, in accordance with UK equality laws.
6. Monitoring and Enforcement: Clarifying the organization's right to monitor and investigate employee social media activities, and explaining the potential consequences for violating the policy, which may include disciplinary action, up to and including termination.
7. Training and Awareness: Encouraging employees to stay up-to-date on social media best practices and organizing periodic training sessions to minimize legal risks and enhance their understanding of the policy.
This template is intended to serve as a starting point, allowing organizations in the UK to create their own tailored social media policy aligned with UK laws. It provides employers with a legally sound framework to promote responsible social media usage while protecting the organization's interests and maintaining a positive online presence.
