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.
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
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
Sales Development Representative Contract
This Sales Development Representative contract template is designed for a commercial SDR organisation (or an individual sales development representative) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of SDR and SDR-related services to be completed by the sales development representative 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 SDR firm or individual sales development representative 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 WalesSample Of Policy Wordings For Discrimination And Harassment
The template outlines guidelines for preventing and addressing discrimination and harassment within the workplace, ensuring a safe and inclusive environment for all employees. It covers different forms of discrimination, such as age, race, gender, religion, disability, and sexual orientation, and provides clear definitions and examples of prohibited behaviors.
The template lays out the responsibilities and roles of both employees and employers in preventing and addressing discrimination and harassment. It includes sections on reporting procedures, confidential handling of complaints, investigation processes, and applicable disciplinary measures. Additionally, it highlights the importance of training and awareness programs to promote a culture of respect, tolerance, and diversity in the workplace.
This document is an essential resource for organizations seeking to establish a comprehensive and legally compliant policy to prevent and address any form of discrimination or harassment in the workplace, ensuring that all employees are treated with fairness and respect, and creating a positive and inclusive working environment.
