All Templates
Waive pre-emption rights
💶 Pre-emption rights waiver
Waiver of Pre-Emption Rrights (Issue of Shares)
Waiver of Pre-Emption Rrights (Issue of Shares)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Pre-emption rights waiverBusiness activity
Waive pre-emption rightsA pre-emption rights waiver is a waiver of the right of a party to claim that a contract is voidable due to the existence of a prior contract between the parties. The waiver may be made in writing or orally, and is typically made prior to the formation of the new contract.
A Waiver of Pre-Emption Rights (Issue of Shares) legal template under UK law pertains to a document that allows a company to bypass the requirement of offering existing shareholders the first opportunity to purchase additional shares during a new issuance. Under company law in the UK, shareholders generally possess pre-emption rights, which grant them the option to maintain their proportional ownership in the company by subscribing to new shares before they are offered to external investors.
However, there may be situations where a company wishes to issue shares to specific parties, such as strategic investors, without seeking approval or offering them to existing shareholders. In such cases, a Waiver of Pre-Emption Rights template enables the company to legally waive these rights for a particular issuance. This template typically includes provisions specifying the detailed terms and conditions of the waiver and the scope of the share issuance exempt from pre-emption rights.
The document would outline the reasons justifying the need for the waiver, such as fulfilling a vital business objective, acquiring necessary funds for growth or expansion, or securing new partnerships or talent. It would also establish the restrictions, if any, on the use of funds generated by the share issuance and the steps to be taken to ensure compliance with applicable legal requirements during the process.
Overall, this legal template facilitates the transparent and lawful waiver of pre-emption rights, ensuring adequate disclosure and protection of shareholders' interests, while permitting a company to attract investment or undertake strategic transactions more efficiently.
However, there may be situations where a company wishes to issue shares to specific parties, such as strategic investors, without seeking approval or offering them to existing shareholders. In such cases, a Waiver of Pre-Emption Rights template enables the company to legally waive these rights for a particular issuance. This template typically includes provisions specifying the detailed terms and conditions of the waiver and the scope of the share issuance exempt from pre-emption rights.
The document would outline the reasons justifying the need for the waiver, such as fulfilling a vital business objective, acquiring necessary funds for growth or expansion, or securing new partnerships or talent. It would also establish the restrictions, if any, on the use of funds generated by the share issuance and the steps to be taken to ensure compliance with applicable legal requirements during the process.
Overall, this legal template facilitates the transparent and lawful waiver of pre-emption rights, ensuring adequate disclosure and protection of shareholders' interests, while permitting a company to attract investment or undertake strategic transactions more efficiently.
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
Wording For Et1 (Sexual Harassment And Constructive Dismissal)
The legal template titled "Wording For ET1 (Sexual Harassment And Constructive Dismissal) under UK law" is designed to assist individuals in drafting their official claim document, known as ET1, when they have experienced both sexual harassment and constructive dismissal in the workplace under the jurisdiction of UK law.
The template primarily focuses on two distinct legal issues. Firstly, it addresses claims of sexual harassment, which often involves any unwelcome behavior, comments, or advances of a sexual nature that create an intimidating, hostile, or offensive environment at work. The template provides guidance on presenting a clear and concise account of the instances of sexual harassment faced, including details of dates, locations, individuals involved, and the impact it had on the claimant's well-being or work performance.
Secondly, the template addresses claims of constructive dismissal, which occurs when an employer's conduct or breach of contract fundamentally undermines the working relationship, forcing the employee to resign. It provides guidance on presenting the circumstances leading to a constructive dismissal claim, such as any significant changes to job responsibilities, bullying tactics, discriminatory treatment, or inadequate response from the employer to address the claimant's concerns.
Additionally, the template may offer corresponding legal references, examples, or specific legal language that can be tailored to the individual's unique circumstances. It aims to ensure that the ET1 document accurately reflects the claimant's experiences, providing a strong foundation for their case in the Employment Tribunal.
However, it is essential to note that the template is not a substitute for legal advice or professional representation. It should be used as a starting point, allowing individuals to draft their claim document with the necessary legal structure, providing a solid basis for their particular case of both sexual harassment and constructive dismissal under UK law.
The template primarily focuses on two distinct legal issues. Firstly, it addresses claims of sexual harassment, which often involves any unwelcome behavior, comments, or advances of a sexual nature that create an intimidating, hostile, or offensive environment at work. The template provides guidance on presenting a clear and concise account of the instances of sexual harassment faced, including details of dates, locations, individuals involved, and the impact it had on the claimant's well-being or work performance.
Secondly, the template addresses claims of constructive dismissal, which occurs when an employer's conduct or breach of contract fundamentally undermines the working relationship, forcing the employee to resign. It provides guidance on presenting the circumstances leading to a constructive dismissal claim, such as any significant changes to job responsibilities, bullying tactics, discriminatory treatment, or inadequate response from the employer to address the claimant's concerns.
Additionally, the template may offer corresponding legal references, examples, or specific legal language that can be tailored to the individual's unique circumstances. It aims to ensure that the ET1 document accurately reflects the claimant's experiences, providing a strong foundation for their case in the Employment Tribunal.
However, it is essential to note that the template is not a substitute for legal advice or professional representation. It should be used as a starting point, allowing individuals to draft their claim document with the necessary legal structure, providing a solid basis for their particular case of both sexual harassment and constructive dismissal under UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
2
DISCUSSIONS
0
Work-Experience or Internship Agreement
This legal template refers to a comprehensive agreement designed to establish the terms and conditions of work experience or internship arrangements in the United Kingdom (UK). The document outlines the mutual understanding and obligations between the employer and the individual undertaking the work experience or internship.
The template covers several essential aspects, including the start and end dates of the agreement, the nature of the work experience or internship, and the remuneration, if any. It defines the roles and responsibilities of both parties, clarifying the expectations regarding working hours, tasks, and the reporting structure within the organization.
Additionally, the template includes provisions related to confidentiality and intellectual property. It ensures that the intern or work-experience participant understands the importance of maintaining the confidentiality of sensitive information they may gain access to during their placement. Furthermore, it clarifies the rights and obligations concerning the ownership and use of any intellectual property created during the internship.
The agreement may also cover health and safety requirements, stating that the employer will provide a safe working environment and comply with relevant regulations. It should address matters such as insurance coverage, accident prevention, and procedures for reporting incidents.
Furthermore, the document could outline termination clauses, explaining the circumstances under which the agreement may be terminated by either party. It is important to discuss notice periods required before termination and any potential consequences of terminating the agreement prematurely.
Lastly, the template may incorporate a clause requiring both parties to abide by the laws and jurisdiction of the UK, emphasizing that the agreement is governed by UK law and any disputes shall be resolved through the appropriate legal channels.
Overall, this legal template serves to protect the rights and interests of both parties involved in a work experience or internship arrangement under UK law. It helps establish clear expectations, foster a positive working relationship, and ensure legal compliance throughout the engagement.
The template covers several essential aspects, including the start and end dates of the agreement, the nature of the work experience or internship, and the remuneration, if any. It defines the roles and responsibilities of both parties, clarifying the expectations regarding working hours, tasks, and the reporting structure within the organization.
Additionally, the template includes provisions related to confidentiality and intellectual property. It ensures that the intern or work-experience participant understands the importance of maintaining the confidentiality of sensitive information they may gain access to during their placement. Furthermore, it clarifies the rights and obligations concerning the ownership and use of any intellectual property created during the internship.
The agreement may also cover health and safety requirements, stating that the employer will provide a safe working environment and comply with relevant regulations. It should address matters such as insurance coverage, accident prevention, and procedures for reporting incidents.
Furthermore, the document could outline termination clauses, explaining the circumstances under which the agreement may be terminated by either party. It is important to discuss notice periods required before termination and any potential consequences of terminating the agreement prematurely.
Lastly, the template may incorporate a clause requiring both parties to abide by the laws and jurisdiction of the UK, emphasizing that the agreement is governed by UK law and any disputes shall be resolved through the appropriate legal channels.
Overall, this legal template serves to protect the rights and interests of both parties involved in a work experience or internship arrangement under UK law. It helps establish clear expectations, foster a positive working relationship, and ensure legal compliance throughout the engagement.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
2
RATINGS
0
DISCUSSIONS
1
Welsh Apprenticeship Contract
This legal template focuses on the Welsh Apprenticeship Contract, which falls under UK law. It outlines the essential terms and conditions agreed upon between an employer and an apprentice in Wales. The template provides a comprehensive framework to establish a formal agreement that governs the relationship between the two parties throughout the duration of the apprenticeship. It covers various crucial aspects such as the start and end dates of the apprenticeship, working hours and pay, probationary periods, holiday entitlement, training requirements, and termination conditions. By utilizing this template, both employers and apprentices can ensure transparency, clarity, and compliance with the legal requirements while formalizing their apprenticeship agreement within the framework of Welsh and UK law.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
3
DISCUSSIONS
2