Section 110 Reconstruction Agreement (Corporate Demerger)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💵 Section 110 agreementBusiness activity
Reconstruct business assetsThis template serves as an agreement between the parent company (or a holding company) and the demerged companies involved in the demerger process. It provides a comprehensive framework for the separation of businesses, including the transfer of assets, liabilities, and employees, as well as the allocation of shares or securities in the demerged entities to shareholders of the parent company.
The template addresses various key aspects of the demerger, such as the legal steps and requirements to be followed, the appointment of independent experts, the valuation of assets and liabilities, tax implications, and corporate governance considerations. It outlines the specific terms and conditions under which the demerger will take place, ensuring transparency and fairness for all parties involved.
Additionally, the template may include provisions related to employee rights, customer contracts, intellectual property, and ongoing business relationships, ensuring a smooth transition for the demerged entities and maintaining the continuity of operations.
By utilizing this template, companies can ensure compliance with UK law while facilitating a legally sound and efficient demerger process. However, since every demerger scenario might have its specific circumstances and requirements, it is important to tailor the template to the specific needs of the parties involved and seek professional legal advice to ensure compliance with all relevant legal guidelines and regulations.
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