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Share Subscription Agreement
This document can be used to regulate the issue of shares by a company to a new shareholder (known as a subscriber of the shares). It formalises the conditions that must be fulfilled prior to the shares being issued and addresses warranties that are to be provided by both the company and the subscriber.
How this document can help your clients
The issue of shares by a company to a subscriber can be an important transaction for both a company and a prospective shareholder. It outlines the investment procedure beginning with the fulfilment of conditions precedent such as the requirement of the subscriber to deliver an executed Deed of Accession to the Shareholders Agreement (if applicable).
What it includes
Among other things, our Share Subscription Agreement precedent includes:
- A table in which the the Subscription Amount, Completion Date, the Shares that will be issued to the Subscriber and the bank account to which the Subscription Amount must be paid are specified.
- Warranties given by each party.
- Confidentiality provisions
- Provisions addressing what is to occur at Completion.
- Limitations of liability for the company and the time limit in which claims can be brought.
- General boilerplate clauses.
How does it work?
Using our powerful document generation engine, Contract Instructor generates and customises legal documents using the responses that clients provide in completing our online wizard.
What you get
A report with the client's responses to the questionnaire together with the document that has been generated using your client's responses to the wizard. The document will be provided in Microsoft Word format for you to review and edit, as you consider necessary.
How much does it cost?
You charge your client whatever you consider appropriate for the legal document but pay us only $29.95 plus GST per document for using our wizard. The time you save using our wizard will makes drafting legal documents using Contract Instructor a complete game changer for your legal practice.
Payment only upon wizard completion
If the wizard is not completed, you don't pay anything. Once you or your client completes the wizard, you will be notified by email and sent a request to pay our fee of $29.95 plus GST. Upon payment you will receive a report with the client's responses to the questionnaire together with the document that has been generated using your client's responses to the wizard.
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