All Templates
Create university spin-out
🖍️ Shareholders' agreement
University Spin Out Subscription And Shareholders Agreement
University Spin Out Subscription And Shareholders Agreement
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🖍️ Shareholders' agreementBusiness activity
Create university spin-outA shareholders' agreement is a contract between a company and its shareholders that sets out the rights and responsibilities of the shareholders and the company. The agreement can cover a wide range of topics, including the rights and duties of shareholders, the procedures for making decisions, and the issue of shares.
The University Spin Out Subscription And Shareholders Agreement under UK law is a legal template designed specifically for universities involved in the commercialization of innovative technologies and intellectual property.
This agreement governs the relationship between the university and its spin-out company, as well as the shareholders involved in this venture. It sets out the terms and conditions regarding the issuance and subscription of shares, the rights and obligations of the shareholders, and the overall governance structure of the spin-out company.
The template covers various essential aspects, such as the initial funding arrangements, the intellectual property rights transfer from the university to the spin-out, confidentiality provisions, restrictions on competition, and the allocation of voting rights and decision-making powers among the shareholders.
Additionally, the agreement outlines the mechanisms for share transfers and the potential scenarios for exit, including acquisition or initial public offering. It also addresses the potential conflicts of interest that may arise and includes dispute resolution provisions to ensure a fair and orderly resolution process.
Importantly, this legal template aims to protect the interests of both the university and the shareholders, providing a comprehensive framework that promotes transparency, accountability, and a clear understanding of the obligations and rights of all parties involved.
It is crucial for universities engaged in spin-out activities to have a well-drafted legal agreement in place to facilitate the smooth operation of their ventures, attract investors, and safeguard their valuable intellectual property. This template offers a valuable tool for universities looking to commercialize their research and technology while mitigating potential legal risks.
This agreement governs the relationship between the university and its spin-out company, as well as the shareholders involved in this venture. It sets out the terms and conditions regarding the issuance and subscription of shares, the rights and obligations of the shareholders, and the overall governance structure of the spin-out company.
The template covers various essential aspects, such as the initial funding arrangements, the intellectual property rights transfer from the university to the spin-out, confidentiality provisions, restrictions on competition, and the allocation of voting rights and decision-making powers among the shareholders.
Additionally, the agreement outlines the mechanisms for share transfers and the potential scenarios for exit, including acquisition or initial public offering. It also addresses the potential conflicts of interest that may arise and includes dispute resolution provisions to ensure a fair and orderly resolution process.
Importantly, this legal template aims to protect the interests of both the university and the shareholders, providing a comprehensive framework that promotes transparency, accountability, and a clear understanding of the obligations and rights of all parties involved.
It is crucial for universities engaged in spin-out activities to have a well-drafted legal agreement in place to facilitate the smooth operation of their ventures, attract investors, and safeguard their valuable intellectual property. This template offers a valuable tool for universities looking to commercialize their research and technology while mitigating potential legal risks.
How it works
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
Similar legal templates
Standard Agreement To Serve And Assign The Benefit Of A Claim For The Freehold Or Extended Lease (Leasehold House)
The Standard Agreement to Serve and Assign the Benefit of a Claim for the Freehold or Extended Lease (Leasehold House) under UK law is a legal template that outlines the terms and conditions of an agreement between two parties involved in a leasehold property transaction.
In the UK, a leasehold property refers to owning a property for a fixed period of time, while the land it is built upon is owned by someone else, known as the freeholder. In certain cases, leaseholders may have the right to acquire the freehold or extend the lease of their property.
This template agreement aims to facilitate the process by which a leaseholder, referred to as the "Assignor," transfers their right to claim the freehold or extended lease to another party, referred to as the "Assignee." The Assignee can be an individual or a company interested in acquiring the freehold or extending the lease.
The template agreement includes various sections that cover essential aspects of the agreement, including:
1. Parties: Identifies the Assignor and the Assignee by their names and contact information.
2. Property details: Describes the leasehold property involved in the transaction, including the address, current lease term, and other relevant information.
3. Assignment terms: Outlines the terms and conditions of the assignment, such as the price or consideration to be paid by the Assignee to the Assignor, the timing of the assignment, and any specific conditions or obligations.
4. Rights and obligations: Specifies the rights and obligations of both parties throughout the assignment process, including any warranties, indemnities, or responsibilities that need to be fulfilled.
5. Governing law and jurisdiction: States that the agreement is subject to UK law and any disputes related to the agreement will be resolved through the appropriate UK courts.
By utilizing this template agreement, both parties involved in the transaction can establish a clear understanding of their rights, obligations, and the overall terms of the assignment. It provides a legal framework for the transfer of freehold or extended lease claims, ensuring a smooth and transparent process under UK law.
In the UK, a leasehold property refers to owning a property for a fixed period of time, while the land it is built upon is owned by someone else, known as the freeholder. In certain cases, leaseholders may have the right to acquire the freehold or extend the lease of their property.
This template agreement aims to facilitate the process by which a leaseholder, referred to as the "Assignor," transfers their right to claim the freehold or extended lease to another party, referred to as the "Assignee." The Assignee can be an individual or a company interested in acquiring the freehold or extending the lease.
The template agreement includes various sections that cover essential aspects of the agreement, including:
1. Parties: Identifies the Assignor and the Assignee by their names and contact information.
2. Property details: Describes the leasehold property involved in the transaction, including the address, current lease term, and other relevant information.
3. Assignment terms: Outlines the terms and conditions of the assignment, such as the price or consideration to be paid by the Assignee to the Assignor, the timing of the assignment, and any specific conditions or obligations.
4. Rights and obligations: Specifies the rights and obligations of both parties throughout the assignment process, including any warranties, indemnities, or responsibilities that need to be fulfilled.
5. Governing law and jurisdiction: States that the agreement is subject to UK law and any disputes related to the agreement will be resolved through the appropriate UK courts.
By utilizing this template agreement, both parties involved in the transaction can establish a clear understanding of their rights, obligations, and the overall terms of the assignment. It provides a legal framework for the transfer of freehold or extended lease claims, ensuring a smooth and transparent process under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
0
DISCUSSIONS
2
Standard Application For Skilled Worker To Change Employer (Letter To Home Office)
This legal template, titled "Standard Application for Skilled Worker to Change Employer (Letter to Home Office) under UK law," is designed to facilitate the process of an individual's application to change their employer while working in the United Kingdom as a skilled worker.
The template most likely includes various sections that capture essential details required by the Home Office. Firstly, it would likely start with an introductory note, addressing the appropriate authority and providing relevant background information, such as the applicant's personal details, including full name, address, nationality, and immigration status.
The template would then typically progress to a section where the applicant explains their intention and rationale for seeking a change in their employment. They may detail reasons such as career growth, improved working conditions, better remuneration, or other compelling justifications. The individual may need to outline the specific job role and responsibilities within their new employment and provide details regarding the prospective employer, including their contact information.
Additionally, the template may include sections where the applicant describes their current employment situation, including their current job role, employer details, and the terms and conditions of their existing employment contract. It might also require the individual to indicate their employment start date, duration of employment, and their salary.
To support the application, the template might guide the individual on providing relevant supporting documentation, such as a copy of their current employment contract, evidence of any qualifications or certifications necessary for their new role, and any relevant references or testimonials from their current employer or colleagues.
Throughout the template, there may be specific statements affirming the applicant's legal compliance, such as their knowledge of the underlying rules and regulations associated with changing employment as a skilled worker under UK law. The template may also include a declaration that all the information provided is accurate and complete to the best of their knowledge.
Lastly, the template would likely conclude with space for the applicant's signature, date, and contact details. It may also provide information on where and how to send the application to the Home Office for consideration.
Overall, this legal template provides a standardized structure and format to guide skilled workers in the process of applying to change their employer in the United Kingdom, ensuring that their application meets the necessary legal requirements under UK law.
The template most likely includes various sections that capture essential details required by the Home Office. Firstly, it would likely start with an introductory note, addressing the appropriate authority and providing relevant background information, such as the applicant's personal details, including full name, address, nationality, and immigration status.
The template would then typically progress to a section where the applicant explains their intention and rationale for seeking a change in their employment. They may detail reasons such as career growth, improved working conditions, better remuneration, or other compelling justifications. The individual may need to outline the specific job role and responsibilities within their new employment and provide details regarding the prospective employer, including their contact information.
Additionally, the template may include sections where the applicant describes their current employment situation, including their current job role, employer details, and the terms and conditions of their existing employment contract. It might also require the individual to indicate their employment start date, duration of employment, and their salary.
To support the application, the template might guide the individual on providing relevant supporting documentation, such as a copy of their current employment contract, evidence of any qualifications or certifications necessary for their new role, and any relevant references or testimonials from their current employer or colleagues.
Throughout the template, there may be specific statements affirming the applicant's legal compliance, such as their knowledge of the underlying rules and regulations associated with changing employment as a skilled worker under UK law. The template may also include a declaration that all the information provided is accurate and complete to the best of their knowledge.
Lastly, the template would likely conclude with space for the applicant's signature, date, and contact details. It may also provide information on where and how to send the application to the Home Office for consideration.
Overall, this legal template provides a standardized structure and format to guide skilled workers in the process of applying to change their employer in the United Kingdom, ensuring that their application meets the necessary legal requirements under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
3
RATINGS
0
DISCUSSIONS
1
Social Media Strategist Contract
This Social Media Strategist contract template is designed for a commercial social media strategy organisation (or an individual social media strategist) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of social media strategy and social-media-strategy-related services to be completed by the social media strategist 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 strategy firm or individual social media strategist 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 AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
2
DISCUSSIONS
1
