Publisher one

Genie AI

Jurisdiction

England and Wales

Contract party

Relevant sectors

Type of legal document

🏘️ Group relief agreement

Business activity

Surrender losses

Why use a 🏘️ Group relief agreement?

A group relief agreement is a contract between two or more parties in which they agree to provide financial assistance to each other in the event of a financial hardship. The agreement may include provisions for loans, gifts, or other forms of assistance. The agreement may also specify how the assistance will be structured and what conditions must be met in order for the assistance to be provided.

The Consortium Group Relief Surrender Agreement under UK law is a legal template that outlines the terms and conditions for the surrender of group relief claims within a consortium. In the context of UK taxation, group relief allows companies within a consortium to offset losses against the profits of other group members for tax purposes. However, there may be instances where a consortium member decides to surrender its group relief claims, thereby allowing other members to utilize those losses instead.

This agreement sets forth the procedure and conditions under which a consortium member can surrender its group relief claims. It covers various aspects such as the eligibility criteria for surrendering, the process for notifying the surrender, and the rights and obligations of the parties involved. In addition, the template may address issues concerning the retention of certain rights or obligations by the surrendering member, the calculation of tax liabilities, and any potential reimbursements or compensations between consortium members.

By utilizing this legal template, consortium members can ensure a clear and legally binding agreement is established, protecting the interests of all involved parties. The template provides a structured framework for the surrender of group relief claims, minimizing potential disputes or ambiguities that may arise in the absence of a formal agreement. As laws and regulations related to taxation and consortiums can be complex, this template offers a streamlined and standardized approach to facilitate reliable and efficient surrender negotiations within the UK legal context.

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

Rule 29 Standard Employment Tribunal Application To Amend A Claim Or Response

The Rule 29 Standard Employment Tribunal Application to Amend a Claim or Response is a legal template specifically designed for use in the United Kingdom's employment tribunal system. This template provides a structured framework that individuals or organizations can utilize when seeking to modify their initial workplace-related claim or response in an ongoing employment tribunal case.

Under UK law, parties involved in an employment tribunal case have the right to request amendments to their respective claims or responses. This template streamlines this process, ensuring that applications to amend are made in accordance with Rule 29 of the Employment Tribunals Rules of Procedure. The purpose of this template is to guide applicants in properly and comprehensively filling out the required information and presenting their request for amendment to the employment tribunal.

The template consists of several sections, covering essential details such as the claimant or respondent's identifying information, the nature of the original claim or response, the proposed amendment(s), and the reasons and justifications for making these changes. It may also include sections for attaching supporting documents or evidence that substantiates the need for amendment.

By using the Rule 29 Standard Employment Tribunal Application to Amend a Claim or Response template, individuals or organizations can ensure that their requests for amendment are accurately and persuasively presented to the employment tribunal. This aids in maintaining the fairness and transparency of the legal proceedings and helps parties adequately address any updates or revisions required for their case.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
6
RATINGS
5
DISCUSSIONS
0

Rule 20 Employment Tribunal Application For An Extension Of Time To Submit An ET3

The legal template titled "Rule 20 Employment Tribunal Application For An Extension Of Time To Submit An ET3" under UK law is designed to assist individuals or organizations involved in employment-related disputes to request an extension of time to submit their ET3 form to an Employment Tribunal. The ET3 form is a response document that the respondent (typically the employer) files after receiving an ET1 claim from the claimant (the employee).

In certain circumstances, the respondent may require additional time beyond the specified deadline to compile their response and gather necessary evidence. This legal template provides a structured format for submitting an application to the Employment Tribunal, requesting an extension of time to complete and file the ET3 form.

The template likely includes sections to clarify the basic details of the case, including the names of the parties involved, case number, and relevant tribunal jurisdiction. It may also request an explanation as to why the extension of time is necessary, such as complex legal or factual issues, difficulties in gathering evidence, or unforeseen circumstances affecting the respondent's ability to respond within the original time frame.

Additionally, the template may provide guidance on the legal requirements for seeking an extension, including references to relevant rules and regulations under UK employment law. It might outline the information or documentation that should be enclosed with the application, such as supporting evidence for the grounds cited in the extension request.

Ultimately, this legal template aims to simplify the process of seeking an extension for the ET3 submission and ensure that all necessary information is included in the application. It serves as a useful tool for respondents who find it challenging to meet the initial deadline, enabling them to present a well-structured and persuasive argument for an extension to the Employment Tribunal.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
9
RATINGS
4
DISCUSSIONS
3

Rule 32 Employment Tribunal Application For A Witness Order

This legal template, referred to as Rule 32 Employment Tribunal Application For A Witness Order, pertains to the process and requirements for a particular application in the United Kingdom (UK) legal system. In the context of employment tribunals, this template provides a framework for individuals or organizations to seek a witness order from the tribunal.

An employment tribunal is a specialized UK court where disputes between employers and employees are resolved. Disputes may include issues such as unfair dismissal, discrimination, or breach of contract. In certain instances, it may be crucial to call upon witnesses to provide testimony or evidence to support one's case.

The use of this template aims to facilitate the application process for requesting a witness order. It outlines the necessary steps, legal requirements, and specific information that must be included in the application. These details generally include names and contact information for the parties involved, a summary of the facts and issues at hand, and reasons justifying the need for the witness testimony.

By utilizing this template, individuals or organizations can present a well-structured and comprehensive application to the employment tribunal, increasing the chances of the witness order being granted. It helps ensure that the requesting party fully complies with the procedures set forth by UK law, which is crucial for an equitable and fair legal process.

It is important to note that this template specifically applies to employment tribunals in the UK and may not be suitable for other legal jurisdictions. Additionally, its use does not guarantee the approval of a witness order, as the tribunal will assess the specifics of each case and make a determination based on the relevant laws and regulations.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
11
RATINGS
4
DISCUSSIONS
2