Simple Quistclose Trust

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  • Simple Quistclose Trust

Simple Quistclose Trust

This [Deed OR Agreement] dated [] 20[] is made

Parties

  1. 1

    [insert name], a company incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the [Settlor OR Lender]); and

  1. 2

    [insert name] of [insert address] (the [Trustee OR Borrower]).

Background

    1. 1

      Definitions and interpretation

      1. 1.1

        Definitions

        In this [Deed OR Agreement], unless otherwise provided:

        1. 1.1.1

          The Trust Fund means the sum of [] paid by the Settlor to the Trustee by [cheque OR bankers draft OR transfer etc] and held by the Trustee at [] Bank plc in account number []

        1. 1.1.2

          The Specified Purpose means []

      1. 1.2

        Interpretation

        1. 1.2.1

          In this [Deed OR Agreement], unless the context otherwise requires:

          1. (a)

            words in the singular include the plural and vice versa;

          1. (b)

            including means

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