All Templates
Approve acquisition agreement
💶 Shareholder resolutions
Uncommercial Shareholder Resolution
Uncommercial Shareholder Resolution
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💶 Shareholder resolutionsBusiness activity
Approve acquisition agreementA shareholder resolution is a resolution that is passed by shareholders in order to bind the company to a certain course of action. The resolution may cover a wide variety of topics, including the appointment of directors, the sale of assets, or the amendment of the company's articles of incorporation.
The legal template for an "Uncommercial Shareholder Resolution under UK Law" is a document that provides a standardized format for shareholders to propose a resolution that is deemed to be uncommercial or not in the best interest of the company.
Shareholders are individuals or entities that hold shares in a company, granting them partial ownership and certain rights within the corporation. They possess the ability to influence the decision-making process by proposing resolutions during shareholder meetings.
An uncommercial shareholder resolution refers to a proposal made by a shareholder that may not align with the company's commercial objectives, customary practices, or general prudence. For example, a shareholder may propose a resolution to donate a significant portion of the company's profits to charitable organizations, even if it is not considered a commercially viable or strategically advantageous action for the business.
This legal template outlines the essential elements of an uncommercial shareholder resolution under UK law, ensuring compliance with relevant legal requirements and corporate governance standards. It typically includes sections such as:
1. Heading: Identifying the document as an uncommercial shareholder resolution template under UK law, including the company's name, registration number, and registered address.
2. Preamble: Providing a brief background and rationale for the resolution, explaining the reasons behind its uncommercial nature or potential adverse effects on the company's interests.
3. Resolved Clauses: Presenting the specific proposal or resolutions, stating the desired actions, and their intended impact, while establishing their uncommercial nature.
4. Supporting Arguments: Including a section to provide justifications, arguments, or evidence supporting the uncommercial resolution, which may include financial projections, market trends, or social impact assessments.
5. Statement of Shareholder(s): Including the name(s), contact information, and the number of shares held by the shareholder(s) proposing the resolution.
6. Signatures: Reserving space for the shareholder(s) proposing the resolution to sign and date the document, expressing their intent and consent.
By utilizing this legal template, shareholders can ensure their uncommercial proposals are presented in a clear, structured, and legally sound manner within the context of UK corporate law. It helps to protect the interests of all shareholders by providing a transparent and formal process to consider and respond to uncommercial resolutions, ensuring that decisions are made in the best interest of the company as a whole.
Shareholders are individuals or entities that hold shares in a company, granting them partial ownership and certain rights within the corporation. They possess the ability to influence the decision-making process by proposing resolutions during shareholder meetings.
An uncommercial shareholder resolution refers to a proposal made by a shareholder that may not align with the company's commercial objectives, customary practices, or general prudence. For example, a shareholder may propose a resolution to donate a significant portion of the company's profits to charitable organizations, even if it is not considered a commercially viable or strategically advantageous action for the business.
This legal template outlines the essential elements of an uncommercial shareholder resolution under UK law, ensuring compliance with relevant legal requirements and corporate governance standards. It typically includes sections such as:
1. Heading: Identifying the document as an uncommercial shareholder resolution template under UK law, including the company's name, registration number, and registered address.
2. Preamble: Providing a brief background and rationale for the resolution, explaining the reasons behind its uncommercial nature or potential adverse effects on the company's interests.
3. Resolved Clauses: Presenting the specific proposal or resolutions, stating the desired actions, and their intended impact, while establishing their uncommercial nature.
4. Supporting Arguments: Including a section to provide justifications, arguments, or evidence supporting the uncommercial resolution, which may include financial projections, market trends, or social impact assessments.
5. Statement of Shareholder(s): Including the name(s), contact information, and the number of shares held by the shareholder(s) proposing the resolution.
6. Signatures: Reserving space for the shareholder(s) proposing the resolution to sign and date the document, expressing their intent and consent.
By utilizing this legal template, shareholders can ensure their uncommercial proposals are presented in a clear, structured, and legally sound manner within the context of UK corporate law. It helps to protect the interests of all shareholders by providing a transparent and formal process to consider and respond to uncommercial resolutions, ensuring that decisions are made in the best interest of the company as a whole.
How it works
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
Standard Third Party Legal Charge (Company Securing Specific Liabilities)
The Standard Third Party Legal Charge (Company Securing Specific Liabilities) is a legal template that encompasses a written agreement or contract that falls under UK law. The purpose of this legal document is to establish a legal charge on a specific company's assets in order to secure specific liabilities owed to a third party.
The template outlines the terms and conditions of this arrangement, including the identification of the company that is subject to the charge, the specific liabilities being secured, and the rights and obligations of the third party. It also provides details on the assets over which the legal charge is placed, ensuring that the third party has a legally enforceable claim on these assets in the event of default or non-payment.
Furthermore, the template typically includes provisions related to default scenarios, enforcement of the legal charge, and potential remedies available to the third party, such as the ability to take possession of or sell the charged assets. It may also include provisions regarding the priority of the legal charge in relation to other creditors or charges that may exist on the company's assets.
Overall, this legal template serves as a standardized and legally binding framework that enables a third party to secure specific liabilities by establishing a charge on a company's assets under the jurisdiction of UK law. It ensures clarity, protection, and enforceability for both parties involved in this financial arrangement.
The template outlines the terms and conditions of this arrangement, including the identification of the company that is subject to the charge, the specific liabilities being secured, and the rights and obligations of the third party. It also provides details on the assets over which the legal charge is placed, ensuring that the third party has a legally enforceable claim on these assets in the event of default or non-payment.
Furthermore, the template typically includes provisions related to default scenarios, enforcement of the legal charge, and potential remedies available to the third party, such as the ability to take possession of or sell the charged assets. It may also include provisions regarding the priority of the legal charge in relation to other creditors or charges that may exist on the company's assets.
Overall, this legal template serves as a standardized and legally binding framework that enables a third party to secure specific liabilities by establishing a charge on a company's assets under the jurisdiction of UK law. It ensures clarity, protection, and enforceability for both parties involved in this financial arrangement.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
12
RATINGS
2
DISCUSSIONS
3
Residential Flat Lease Above Commercial Property (Long Lease)
The Residential Flat Lease Above Commercial Property (Long Lease) template under UK law is a legal document designed to govern the lease agreement between a landlord and a tenant in a residential flat situated above a commercial property. It outlines the rights, responsibilities, and obligations of both parties for an extended lease term.
This template covers essential provisions such as the duration of the lease, the rent amount and payment terms, the permitted use of the residential flat, maintenance responsibilities, and provisions for dealing with repairs and renovations. It also includes clauses related to the use of common areas or facilities, utility charges, and insurance requirements.
Furthermore, the template addresses specific aspects that are unique to having a residential flat situated above a commercial property. This may include provisions regarding noise restrictions or soundproofing measures to ensure the tenant's quiet enjoyment of the space, guidelines for access to the flat through the commercial property, and any necessary arrangements for waste management or shared amenities.
Additionally, the template will typically address the legal rights and remedies available to both the landlord and tenant, including provisions for resolving disputes, terminating the lease prematurely, or selling the property during the lease term.
By utilizing this legally binding template, both landlords and tenants can establish clear expectations and requirements, ensuring a smooth and mutual understanding of the terms of the lease agreement. It provides a solid foundation for a secure and harmonious relationship between both parties, while complying with the legal framework outlined by UK housing and property laws.
This template covers essential provisions such as the duration of the lease, the rent amount and payment terms, the permitted use of the residential flat, maintenance responsibilities, and provisions for dealing with repairs and renovations. It also includes clauses related to the use of common areas or facilities, utility charges, and insurance requirements.
Furthermore, the template addresses specific aspects that are unique to having a residential flat situated above a commercial property. This may include provisions regarding noise restrictions or soundproofing measures to ensure the tenant's quiet enjoyment of the space, guidelines for access to the flat through the commercial property, and any necessary arrangements for waste management or shared amenities.
Additionally, the template will typically address the legal rights and remedies available to both the landlord and tenant, including provisions for resolving disputes, terminating the lease prematurely, or selling the property during the lease term.
By utilizing this legally binding template, both landlords and tenants can establish clear expectations and requirements, ensuring a smooth and mutual understanding of the terms of the lease agreement. It provides a solid foundation for a secure and harmonious relationship between both parties, while complying with the legal framework outlined by UK housing and property laws.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
5
DISCUSSIONS
0
Section 8 Landlord's Notice To Seek Possession Of Property (Wales)
The legal template, Section 8 Landlord's Notice to Seek Possession of Property (Wales), provides a structured framework for landlords in Wales to serve notice to their tenants in accordance with UK law. This template is specifically designed to address situations where the landlord seeks to regain possession of their property due to various valid reasons, as defined by Section 8 of the Housing Act 1988 and applicable regulations in Wales.
Under UK law, this template enables landlords to follow the correct legal process for seeking possession of their property from tenants who may have breached their tenancy agreement or failed to comply with certain legal obligations. The template serves as a formal notice that notifies the tenants about the landlord's intention to regain possession, clearly outlining the specific grounds for possession as defined by the legislation.
The content of the template generally includes important information, such as the names and addresses of both the landlord and tenant, as well as details of the property in question. It further outlines the grounds for possession, which may include rent arrears, anti-social behavior, breach of tenancy terms, or other specified reasons permitted by law. Furthermore, the template provides a specific timeframe within which the tenant is expected to address the issues raised in the notice to avoid further legal action.
By utilizing this legal template, landlords in Wales can ensure that they comply with the statutory requirements for seeking possession of their property, safeguarding their rights and interests within the bounds of UK law. However, it is important to note that the Section 8 Landlord's Notice to Seek Possession of Property (Wales) template should be adapted to suit the specific circumstances and legal advice should be sought when considering serving such a notice.
Under UK law, this template enables landlords to follow the correct legal process for seeking possession of their property from tenants who may have breached their tenancy agreement or failed to comply with certain legal obligations. The template serves as a formal notice that notifies the tenants about the landlord's intention to regain possession, clearly outlining the specific grounds for possession as defined by the legislation.
The content of the template generally includes important information, such as the names and addresses of both the landlord and tenant, as well as details of the property in question. It further outlines the grounds for possession, which may include rent arrears, anti-social behavior, breach of tenancy terms, or other specified reasons permitted by law. Furthermore, the template provides a specific timeframe within which the tenant is expected to address the issues raised in the notice to avoid further legal action.
By utilizing this legal template, landlords in Wales can ensure that they comply with the statutory requirements for seeking possession of their property, safeguarding their rights and interests within the bounds of UK law. However, it is important to note that the Section 8 Landlord's Notice to Seek Possession of Property (Wales) template should be adapted to suit the specific circumstances and legal advice should be sought when considering serving such a notice.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
9
RATINGS
4
DISCUSSIONS
1
