Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

💶 Pre-emption rights waiver

Business activity

Waive pre-emption rights

Why use a 💶 Pre-emption rights waiver?

A 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.

How it works

Create doc / use template

Chat to our AI Legal Assistant

Edit, collaborate & share

Export to .docx

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



Click here to book your personalised demo now.

Thank you for requesting a demo. You can book one immediately using the following link if you'd like to: https://bit.ly/GenieAIDemo

If you'd like to, you can now fill in our ROI calculator - you'll get instant results, which we'll use to make your demo even more specific.

Calculate now
Oops! Something went wrong while submitting the form.



Click here to book your personalised demo now.

Similar legal templates

Standard Application Notice to Court (Company Administration)

The Standard Application Notice to Court (Company Administration) is a legal template designed to facilitate communication between a company and the court under UK law. Primarily used in cases where a company is facing financial distress, this document serves as a formal application for the initiation of company administration proceedings.

Company administration is a legal process that involves appointing an insolvency practitioner to take control of a financially troubled company's affairs. By submitting this Standard Application Notice to Court, the company seeks to gain court approval to enter administration, which is aimed at protecting the interests of the company's creditors and stakeholders while exploring options for possible recovery or restructuring.

The template typically includes crucial details such as the name and address of the company, a summary of the company's financial position, the reasons for seeking administration, and the proposed administrator's information. It may also outline any potential adverse effects that could arise from delaying or denying the administration request, emphasizing the urgency of court intervention.

This legal document plays a vital role in initiating the company administration process within the confines of UK law. It ensures that all necessary information is provided to the court, helping to establish a transparent and fair process for all parties involved.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
3
RATINGS
0
DISCUSSIONS
1

Software Maintenance Contract (Pro-Customer)

This legal template pertains to a Software Maintenance Contract designed to favor the customer's interests, under the jurisdiction of UK law. The contract outlines the terms and conditions for the provision of software maintenance services by a third-party vendor to the customer. It covers various aspects such as the scope of services, service level agreements, payment terms, intellectual property rights, confidentiality, liability, termination clauses, and dispute resolution mechanisms. The template emphasizes the customer's rights and protections, ensuring that their software maintenance needs are met efficiently while safeguarding their interests within the legal framework of the United Kingdom.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
1
DISCUSSIONS
1

Standard Application For A Graduate Switch To Skilled Worker (Letter To Home Office)

This legal template refers to a standardized application for a graduate switch to skilled worker under the UK law, specifically addressed to the Home Office. It is designed for individuals who have recently graduated from a UK educational institution and wish to switch their immigration status to become skilled workers in the country.

The template likely includes sections that request personal information of the applicant, such as full name, contact details, nationality, and current UK immigration status. It may also include an area for providing information about the applicant's previous studies, including the name of the institution, the type of degree obtained, and the date of graduation.

Additionally, the template may include sections to describe the candidate's current employment or job offer, highlighting their job title, responsibilities, and the relevant skills and qualifications they possess. This information is crucial to demonstrate the candidate's eligibility and suitability for the skilled worker visa.

In terms of supporting documents, the template may require the applicant to provide evidence of their English language proficiency, qualifications obtained, and a valid job offer or employment contract from a UK-based company. These documents help strengthen the application and provide the Home Office with the necessary information to assess the candidate's eligibility for the skilled worker visa.

Overall, this legal template serves as a comprehensive guide for individuals seeking to switch their immigration status from a graduate to a skilled worker under the UK law. It assists applicants in providing accurate and complete information to the Home Office, increasing their chances of a successful visa application.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
1
RATINGS
3
DISCUSSIONS
0