A Simple Demerger Agreement (Listed Parent to Newco) under UK law is a legal template that outlines the terms and conditions for the separation of a listed parent company into two separate entities. This agreement is specifically designed for demergers involving a parent company listed on a stock exchange in the United Kingdom.

The demerger process involves the transfer of certain assets, liabilities, businesses, or divisions from the listed parent company (referred to as the demerging entity) to a newly formed company known as Newco. The demerger agreement sets out the mechanics and legal framework for this transaction, ensuring a smooth and legally compliant separation.

The template covers various aspects, including the transfer of shares, assets, employees, contracts, and other related matters. It may also address financial considerations, tax implications, and any restrictions or approvals required from regulatory bodies or shareholders.

The agreement ensures that both entities are adequately protected during the demerger process and lays down provisions to govern the relationship and ongoing responsibilities between the listed parent company and Newco post-demerger. This may include matters such as intellectual property rights, warranties, indemnities, dispute resolution mechanisms, and provisions for any potential liabilities arising from the demerger.

By utilizing this legal template, parties involved in a demerger can efficiently document their intentions, rights, obligations, and expectations in a legally binding manner. It provides a clear roadmap for the demerger process, facilitating a smooth transition and minimizing potential disputes or uncertainties that may arise.

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.

Similar legal templates

Executive Summary For Remuneration Committee Of Premium Listed Companies For Tax Year Before 2019 (Terms of Reference)

This legal template is an executive summary for the Remuneration Committee of premium listed companies in the United Kingdom. It pertains specifically to the tax year prior to 2019 and focuses on outlining the Terms of Reference for the committee. A Remuneration Committee is a crucial function within premium listed companies responsible for overseeing executive compensation and ensuring it is fair, competitive, and aligned with company objectives. This executive summary will likely cover various aspects such as the committee's composition, responsibilities, decision-making processes, and specific areas of remuneration oversight. It will provide an overview of the role and purpose of the committee as well as guidelines for its functioning within the legal framework of UK law. This template aims to assist premium listed companies in adhering to relevant regulations and ensuring transparency and accountability in executive remuneration decisions during the specified tax year.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
9
RATINGS
4
DISCUSSIONS
3

Executive Summary For The Nomination Committee Of Premium Listed Compaines Tax Year 2019 And Beyond (Terms Of Reference)

This legal template pertains to the Executive Summary for the Nomination Committee of Premium Listed Companies for the tax year 2019 and beyond, in accordance with UK law. The Nomination Committee is a vital component of these premier listed companies and is responsible for the selection and nomination of qualified individuals to serve on the board of directors.

The Executive Summary provides a concise overview of the Terms of Reference, which outline the specific obligations, powers, and functions of the Nomination Committee. These terms are crucial for establishing effective governance and ensuring the selection process is fair, transparent, and aligned with industry best practices.

Key areas covered in this template may include the composition of the Nomination Committee, qualifications and tenure of its members, responsibilities in evaluating board composition, promoting diversity and inclusion, and identifying potential candidates for director positions. It may also cover procedures for succession planning, ensuring appropriate balance of skills, expertise, independence, and diversity among board members.

Additionally, the template could address the committee's reporting obligations to the board and shareholders, including the presentation of an annual report, recommendations, and updates on the progress made in achieving diversity goals and improving board effectiveness.

The document will serve as a valuable resource, providing a comprehensive outline of the Nomination Committee's scope and responsibilities. It aims to provide clear guidance to the committee members on their roles and obligations and enable them to operate within the legal framework set forth by UK law. Ultimately, this legal template seeks to facilitate transparent and merit-based selection processes for corporate leadership positions, contributing to the overall success and governance of premium listed companies in the UK.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
11
RATINGS
4
DISCUSSIONS
3

Tax Year 2019 And Beyond Appointment Letter For A Non Executive Director (NED)

The given legal template pertains to an appointment letter for a Non-Executive Director (NED) specifically applicable under UK law, for the tax year 2019 and subsequent years. A Non-Executive Director is an individual who is selected to serve on the board of directors of a company but is not involved with the company's day-to-day operations. Non-Executive Directors perform a crucial role in providing independent advice, strategic guidance, and oversight to ensure effective corporate governance.

This appointment letter template covers the necessary legal formalities and expectations when appointing a Non-Executive Director. It outlines the responsibilities, rights, and duties expected from the NED, as well as the terms and conditions of their appointment. The template would likely address various aspects such as the appointment duration, remuneration, code of conduct, confidentiality, conflict of interest, termination clauses, and other key provisions related to the role.

Considering its focus on the tax year 2019 and beyond, this legal template could also incorporate specific references to the tax regulations and requirements relevant to non-executive directorships. This would ensure that both the company and the appointed NED are aware of their respective tax obligations and can comply with applicable laws.

Overall, this legal template serves as a comprehensive document for formalizing the appointment of a Non-Executive Director in compliance with UK law, taking into account the specific requirements and considerations for the tax year 2019 and future years.
Read More

Publisher

Genie AI

Jurisdiction

England and Wales
TEMPLATE
USED BY
8
RATINGS
4
DISCUSSIONS
0