Target Company Section 979 Threshold Compulsory Acquisition (Board Minutes)
Publisher one
Genie AISource file
target_company_section_979_threshold_compulsory_acquisition_(board_minutes)_template.docxJurisdiction
England and WalesRelevant sectors
Type of legal document
📑 Board minutesBusiness activity
Squeeze out minorityA board minutes is a document that covers the minutes of a board meeting. It includes the date, time, and location of the meeting, as well as the names of the board members present. The minutes also include a summary of the topics discussed and any decisions made.
Under UK law, Section 979 of the Companies Act 2006 provides a framework for acquiring the shares of minority shareholders by majority shareholders, subject to certain thresholds and conditions. When the ownership threshold stipulated in Section 979 is reached or exceeded, the majority shareholders have the power to compulsorily acquire the shares held by the minority shareholders.
The legal template will aid the target company's board of directors in accurately documenting the necessary processes and steps involved in responding to a compulsory acquisition. It may include specific sections for recording resolutions passed by the board, deliberations, voting results, and any additional actions or considerations discussed during the decision-making process.
By utilizing this legal template, the target company will ensure that its board of directors adheres to legal requirements and properly documents crucial actions related to the compulsory acquisition, guaranteeing transparency and fulfilling their fiduciary duties towards all shareholders involved.
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
Security Guard Contract
This Security Guard contract template is designed for a commercial security organisation (or an individual security guard) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of security and security-related services to be completed by the security guard 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 security firm or individual security guard 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 WalesSettlement Agreement Offer Letter (Following Protected Conversation Pre-Termination)
In the United Kingdom, employers may engage in a "protected conversation" with an employee to discuss certain matters related to the termination of their employment, without the risk of these conversations being used as evidence in an employment tribunal. This legal template specifically applies to situations where the employer wishes to propose a settlement agreement as an alternative to termination.
The Settlement Agreement Offer Letter serves as a formal communication from the employer to the employee, presenting the proposed terms of the settlement agreement, including financial compensation, benefits, and other relevant terms. It aims to outline a fair and mutually agreeable resolution, addressing any potential disputes or claims that may arise from the termination of employment.
This legal document typically includes sections covering the background of the protected conversations, the reasons for considering a settlement agreement, the terms and conditions being offered, any special conditions or restrictions, the timeline for response and negotiation, as well as the potential consequences of not accepting the offer. It will reference the relevant legal provisions under UK law, ensuring compliance and clarity in the document.
The Settlement Agreement Offer Letter is an essential step in initiating settlement discussions, encouraging open dialogue between employers and employees in an attempt to reach a mutually beneficial outcome, while protecting both parties' interests. It offers an opportunity for the employer and employee to negotiate and potentially avoid the time, expense, and uncertainty associated with taking the matter to an employment tribunal.
Publisher
Genie AIJurisdiction
England and WalesSimple B2B Supply Of Goods Agreement (Pro-Customer)
This agreement specifically focuses on the supply of goods by the supplier to the customer, encompassing the terms and conditions that govern the entire process. It outlines the responsibilities, rights, and obligations of both parties in a concise and user-friendly manner, ensuring a fair and transparent transaction.
Key areas covered by this template include the description of goods, delivery terms, pricing, payment terms, quality assurance, intellectual property rights, liability, and dispute resolution mechanisms. The language and terms employed in the agreement are primarily designed to protect the customer's interests, fostering a pro-customer approach while adhering to UK legal requirements and standards.
Overall, this Simple B2B Supply of Goods Agreement (Pro-Customer) template provides a comprehensive framework for businesses engaged in the supply of goods, establishing a clear understanding between supplier and customer while minimizing potential disputes or ambiguities. By utilizing this template, both parties can confidently engage in commercial transactions, secure in the knowledge that their rights and obligations are properly defined and protected under UK law.