All Templates
Voting undertaking
💴 Voting undertaking
Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue)
Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue)
Publisher one
Genie AISource file
binding_irrevocable_undertaking_agreement_(rights_issue,_or_secondary_issue)_template.docxJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💴 Voting undertakingBusiness activity
Voting undertakingThe legal template for a Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue) under UK law serves as a legally binding document that outlines the terms and conditions between a company seeking to carry out a rights issue or secondary issue and the participating shareholders or investors.
In a rights issue, the company offers its existing shareholders the opportunity to purchase additional shares at a discounted price. This legal template would provide a framework for formalizing the commitments made between the company and the shareholders who have agreed to purchase the additional shares. It would outline the obligations of the company to issue the shares as agreed upon, while specifying the shareholders' commitment to purchase the allotted shares.
Alternatively, in a secondary issue, the company seeks to issue new shares to outside investors. This template would lay down the provisions for negotiating and finalizing such agreements with external shareholders or investors, incorporating their commitments to purchase the newly issued shares and the company's obligation to issue the shares accordingly.
The template could include clauses related to the quantity and price of shares, the time frame for exercising the rights or completing the purchase, payment terms, shareholder obligations, consequences of non-compliance, representations and warranties, termination provisions, dispute resolution mechanisms, and any other pertinent conditions as per the specific situation and applicable UK laws.
Overall, this legal template offers a comprehensive framework, specifically under UK law, for formalizing the commitments and obligations of both the company and the shareholders or investors involved in a rights issue or secondary issue scenario.
In a rights issue, the company offers its existing shareholders the opportunity to purchase additional shares at a discounted price. This legal template would provide a framework for formalizing the commitments made between the company and the shareholders who have agreed to purchase the additional shares. It would outline the obligations of the company to issue the shares as agreed upon, while specifying the shareholders' commitment to purchase the allotted shares.
Alternatively, in a secondary issue, the company seeks to issue new shares to outside investors. This template would lay down the provisions for negotiating and finalizing such agreements with external shareholders or investors, incorporating their commitments to purchase the newly issued shares and the company's obligation to issue the shares accordingly.
The template could include clauses related to the quantity and price of shares, the time frame for exercising the rights or completing the purchase, payment terms, shareholder obligations, consequences of non-compliance, representations and warranties, termination provisions, dispute resolution mechanisms, and any other pertinent conditions as per the specific situation and applicable UK laws.
Overall, this legal template offers a comprehensive framework, specifically under UK law, for formalizing the commitments and obligations of both the company and the shareholders or investors involved in a rights issue or secondary issue scenario.
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
Similar legal templates
Land Acess Licence For Environmental Site Tests
This legal template pertains to the issuance of a Land Access License for Environmental Site Tests under UK law. The template is designed to provide a legally binding agreement between the landowner/s and the party seeking access to the land for conducting comprehensive environmental site tests.
Environmental site tests are typically carried out to analyze and assess the environmental condition, contamination, or suitability of a particular site for various purposes such as construction, development, industrial activities, or remediation projects. The template outlines the terms and conditions under which the land access can be granted to the requesting party, ensuring the landowner's rights and interests are protected while facilitating necessary site testing activities.
The template specifies key provisions, such as the duration of the license, the scope and purpose of the environmental site tests, the permitted activities, and any limitations or exclusions placed on the access. It may also cover access fees or compensation, liability and insurance requirements, indemnification clauses, confidentiality terms, dispute resolution mechanisms, and other essential legal provisions.
By utilizing this template, landowners and parties seeking access to sites for environmental testing can establish a clear and legally robust framework for their agreement. This ensures transparency, protects the respective rights and responsibilities of all involved parties, mitigates potential risks or liabilities, and helps maintain compliance with UK laws and regulations related to environmental site testing.
Environmental site tests are typically carried out to analyze and assess the environmental condition, contamination, or suitability of a particular site for various purposes such as construction, development, industrial activities, or remediation projects. The template outlines the terms and conditions under which the land access can be granted to the requesting party, ensuring the landowner's rights and interests are protected while facilitating necessary site testing activities.
The template specifies key provisions, such as the duration of the license, the scope and purpose of the environmental site tests, the permitted activities, and any limitations or exclusions placed on the access. It may also cover access fees or compensation, liability and insurance requirements, indemnification clauses, confidentiality terms, dispute resolution mechanisms, and other essential legal provisions.
By utilizing this template, landowners and parties seeking access to sites for environmental testing can establish a clear and legally robust framework for their agreement. This ensures transparency, protects the respective rights and responsibilities of all involved parties, mitigates potential risks or liabilities, and helps maintain compliance with UK laws and regulations related to environmental site testing.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
6
RATINGS
2
DISCUSSIONS
3
Contract For Employing A Salaried Partner (Employment Contract)
This legal template, "Contract For Employing A Salaried Partner (Employment Contract) under UK law," is a comprehensive document that outlines the terms and conditions of employment for a salaried partner within a business or professional partnership operating in the United Kingdom.
The contract aims to establish a clear and mutual understanding between the employer (partnership) and the employee (salaried partner) regarding their rights, obligations, and expectations. It covers various aspects vital to the employment relationship, including the nature and scope of work, compensation and benefits, and termination conditions.
The template likely begins by providing general information about the partnership, such as its legal name, address, and registration details. It might also define key terms relevant to the contract, ensuring clear communication and interpretation throughout the document.
The document outlines the salaried partner's role and responsibilities within the partnership, including specific duties, reporting lines, and performance expectations. It may further address matters like work schedule, location, and any travel requirements related to the job.
Compensation and benefits form a significant part of the contract. It typically specifies the salaried partner's base salary, payment frequency, and preferred method of payment. Moreover, it may discuss other benefits, such as bonuses, pension schemes, health insurance, vacation days, sick leave, and allowances specific to the partnership or industry.
The contract also emphasizes the salaried partner's obligations towards the partnership. This may involve adhering to the partnership's policies and procedures, maintaining confidentiality, avoiding conflicts of interest, and safeguarding intellectual property. Similarly, it may incorporate restrictive covenants if necessary to protect the partnership's trade secrets or prevent the salaried partner from working for competitors after leaving the firm.
Termination clauses are included to address the potential end of employment. These clauses usually cover termination by either party, notice periods, garden leave provisions, and the handling of intellectual property upon termination. The contract may also discuss post-termination obligations, such as restrictive covenants, non-solicitation agreements, or settlement terms.
To ensure compliance with legal requirements and relevant regulations, the template likely includes provisions addressing discrimination, health and safety obligations, protection of personal data, and other legal considerations specific to UK employment law.
Overall, this template serves as a vital tool for constructing a mutually beneficial employment relationship between a partnership and a salaried partner, serving the interests of both parties while conforming to UK employment laws and regulations.
The contract aims to establish a clear and mutual understanding between the employer (partnership) and the employee (salaried partner) regarding their rights, obligations, and expectations. It covers various aspects vital to the employment relationship, including the nature and scope of work, compensation and benefits, and termination conditions.
The template likely begins by providing general information about the partnership, such as its legal name, address, and registration details. It might also define key terms relevant to the contract, ensuring clear communication and interpretation throughout the document.
The document outlines the salaried partner's role and responsibilities within the partnership, including specific duties, reporting lines, and performance expectations. It may further address matters like work schedule, location, and any travel requirements related to the job.
Compensation and benefits form a significant part of the contract. It typically specifies the salaried partner's base salary, payment frequency, and preferred method of payment. Moreover, it may discuss other benefits, such as bonuses, pension schemes, health insurance, vacation days, sick leave, and allowances specific to the partnership or industry.
The contract also emphasizes the salaried partner's obligations towards the partnership. This may involve adhering to the partnership's policies and procedures, maintaining confidentiality, avoiding conflicts of interest, and safeguarding intellectual property. Similarly, it may incorporate restrictive covenants if necessary to protect the partnership's trade secrets or prevent the salaried partner from working for competitors after leaving the firm.
Termination clauses are included to address the potential end of employment. These clauses usually cover termination by either party, notice periods, garden leave provisions, and the handling of intellectual property upon termination. The contract may also discuss post-termination obligations, such as restrictive covenants, non-solicitation agreements, or settlement terms.
To ensure compliance with legal requirements and relevant regulations, the template likely includes provisions addressing discrimination, health and safety obligations, protection of personal data, and other legal considerations specific to UK employment law.
Overall, this template serves as a vital tool for constructing a mutually beneficial employment relationship between a partnership and a salaried partner, serving the interests of both parties while conforming to UK employment laws and regulations.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
10
RATINGS
3
DISCUSSIONS
3
Contract For An Option In TV Format Rights And Licence
The "Contract For An Option In TV Format Rights And Licence under UK law" is a legal template that outlines the terms and conditions for granting an option to a party to acquire the rights and licenses to a television format. This contract would be applicable under the legal jurisdiction of the United Kingdom.
The template highlights the key elements involved in the option agreement, including the grant of the exclusive right to develop, produce, and distribute a television format. It covers the obligations, responsibilities, and limitations of both the granting party (often the creator or owner of the format) and the recipient (such as a production company or broadcaster). Specific provisions are included to safeguard the rights of the granting party, such as ensuring proper attribution, protecting intellectual property, and determining compensation mechanisms.
The contract addresses important commercial considerations, including the period of the option (typically a fixed duration), any renewal or extension provisions, and whether any payment or consideration is required during the option period.
In addition, the template may cover various terms and conditions related to the potential exercise of the option. This includes outlining the purchase price or payment structure, the assignment of rights, any additional development or production requirements, and the underlying legal framework for dispute resolution.
The aim of this legal template is to establish a clear agreement between the granting party and the recipient, providing a transparent and mutually beneficial arrangement for the exploitation of television format rights. As contracts of this nature have specific legal requirements, the template ensures compliance with UK law and offers a solid foundation for both parties to confidently proceed with their respective roles and responsibilities in the television format industry.
The template highlights the key elements involved in the option agreement, including the grant of the exclusive right to develop, produce, and distribute a television format. It covers the obligations, responsibilities, and limitations of both the granting party (often the creator or owner of the format) and the recipient (such as a production company or broadcaster). Specific provisions are included to safeguard the rights of the granting party, such as ensuring proper attribution, protecting intellectual property, and determining compensation mechanisms.
The contract addresses important commercial considerations, including the period of the option (typically a fixed duration), any renewal or extension provisions, and whether any payment or consideration is required during the option period.
In addition, the template may cover various terms and conditions related to the potential exercise of the option. This includes outlining the purchase price or payment structure, the assignment of rights, any additional development or production requirements, and the underlying legal framework for dispute resolution.
The aim of this legal template is to establish a clear agreement between the granting party and the recipient, providing a transparent and mutually beneficial arrangement for the exploitation of television format rights. As contracts of this nature have specific legal requirements, the template ensures compliance with UK law and offers a solid foundation for both parties to confidently proceed with their respective roles and responsibilities in the television format industry.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
3
DISCUSSIONS
1