Simple Quistclose Trust
Simple Quistclose Trust

The following Private Client guidance note provides comprehensive and up to date legal information covering:

  • Simple Quistclose Trust
  • Parties
  • Background

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

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

      2. 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 []

      3. 1.1.2

        The Specified Purpose means []

    2. 1.2