The following Corporate precedent provides comprehensive and up to date legal information covering:
DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see Practice Note: What does IP completion day mean for contract clauses?, Brexit—drafting boilerplate clauses [Archived] and Brexit—IP completion day impact on private M&A sale and purchase agreements.
This Deed is made on [insert day and month] 20[insert year]
[Insert name of selling corporate shareholder] incorporated in [England and Wales OR [insert country of incorporation]] with registered number [insert company number] whose registered office is at [insert address] (the Seller),
[Insert name of purchasing corporate entity] incorporated in [England and Wales OR [insert country of incorporation]] with registered number [insert company number] whose registered office is at [insert address] (the Buyer),
[Insert name of seller’s solicitors] of [insert address] (the Seller’s Solicitors ), and
[Insert name of buyer’s solicitors] of [insert address] (the Buyer’s Solicitors )
[(each of the Seller, theBuyer, the Seller’s Solicitors and the Buyer’s Solicitors being a Party and together the Seller, the Buyer, the Seller’s Solicitors and the Buyer’s Solicitors are the Parties).]
The Seller and the Buyer have entered into the Share Purchase Agreement (as defined below).
Pursuant to the terms of the Share Purchase Agreement, the Seller and the Buyer agree that the Buyer shall deposit the Retention Sum (as defined below) into the Retention Account
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