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A shareholder who owned a 50% share of the company entered into an option agreement (not as a deed) with a third party on behalf of the company. He was not a director. Is...

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Affiliate means any entity that directly or indirectly controls, is controlled by or is under common control with, another entity;

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agreed form means a form that has been agreed by the parties and initialled by them, or on their behalf, for identification purposes, subject to any amendments that may...

Precedents

1 Announcements—short form No announcement or other public disclosure concerning this agreement or any of the matters contained in it shall be made by, or on behalf of, a...

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1 Assignment—prohibited without consent 1.1 No party may assign, sub-contract or encumber any right or obligation under this agreement, in whole or in part, without the...

Precedents

The following Commercial practice note provides comprehensive and up to date legal information on Brexit—drafting boilerplate clauses

Practice notes

The following Commercial precedent provides comprehensive and up to date legal information on Bribery laws definition

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Business Day means a day other than a Saturday, Sunday or public holiday[, on which clearing banks are open for non-automated commercial business in the [City of...

Precedents

The following Commercial Q&A provides comprehensive and up to date legal information on Can a manager who is not a director sign a simple contract on behalf of a company?...

Q&As

The following Corporate Q&A provides comprehensive and up to date legal information on Can an alternate director sign a deed on behalf of a company?

Q&As

The following Commercial Q&A provides comprehensive and up to date legal information on Can an overseas company sign an English law contract on behalf of its UK branch?...

Q&As

The following Corporate Q&A provides comprehensive and up to date legal information on Can you provide guidance on whether a company number is more conclusive of identity...

Q&As

The following Commercial precedent provides comprehensive and up to date legal information on Commencement and term clause

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Completion Date means [the date of this agreement OR the date no later than the [insert number, eg third] Business Day after the date on which the last of the Conditions...

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Completion means completion of this agreement in accordance with clause[s] [insert number of the clause(s) dealing with completion of the agreement];

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The following Commercial precedent provides comprehensive and up to date legal information on Compliance with law and regulation clause

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Condition means a condition set out in clause[s] [insert number of the clause(s) listing the conditions to completion of the agreement];

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Confidential Information—mutual ‘Confidential Information’ means all information of a confidential nature (in whatever form) which relates to the Purpose and is received...

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1 Confidentiality clause—mutual—using in-clause definitions Authorised Persons has the meaning given to it in clause 1.1; Confidential Information has the meaning given...

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Control [has the meaning given to it in section 1124 of the Corporation Tax Act 2010 OR means the beneficial ownership of more than 50% of the issued share capital of a...

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1 Costs and expenses—each party to bear its own—short form Each party shall pay its own costs and expenses incurred in connection with the negotiation, preparation,...

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1 Counterparts—agreement 1.1 This agreement may be signed in any number of separate counterparts, each of which when signed and dated shall be an original, and such...

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Day means a period of 24 consecutive hours [ending at midnight OR starting at [insert time]]; Close This is a suggested definition for the term 'day', which is a term...

Precedents

The following Commercial practice note provides comprehensive and up to date legal information on Deeds

Practice notes

The following Commercial practice note provides comprehensive and up to date legal information on Defining terms

Practice notes

1 Definitions and interpretation 1.1 In this Agreement: Affiliate means any entity that directly or indirectly Controls, is Controlled by or is under common Control with,...

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