This Agreement is made on [insert date] 20[insert year] Parties 1 [Insert name of first shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([A]), 2 [Insert name of second shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([B]), and 3 [Insert name of the company in which the shares are held] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] (the Company). BACKGROUND (A) The Company, at the date of this Agreement, has in issue ordinary shares of £[insert nominal value] each, of which [two] ordinary shares have been issued fully paid and are registered in the name of [A] and [one] ordinary share has been issued fully paid and is registered in the name of [B]. (B) The Parties have agreed to enter into this Agreement in order to carry out the Development (as defined below) and to set out their various rights and obligations. (C) The Company shall carry on business in accordance with the terms and conditions

This Agreement is made on [insert date] 20[insert year] Parties 1 [Insert name of first shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([A]), 2 [Insert name of second shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([B]), and 3 [Insert name of the company in which the shares are held] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] (the Company). BACKGROUND (A) The Company, at the date of this Agreement, has in issue ordinary shares of £[insert nominal value] each, of which one ordinary share has been issued fully paid and is registered in the name of [A] and one ordinary share has been issued fully paid and is registered in the name of [B]. (B) The Company shall carry on business in accordance with the terms and conditions of this Agreement. (C) [A] and [B] shall exercise their rights in relation to the Company in accordance with the terms and conditions of this Agreement. The parties agree: 1 Definitions

This Agreement is made on [insert date] 20[insert year] Parties 1 [Insert name of first shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([A]), 2 [Insert name of second shareholder] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] ([B]), and 3 [Insert name of the company in which the shares are held] incorporated in England and Wales under number [insert company number] whose registered office is at [insert address] (the Company). BACKGROUND (A) The Company, at the date of this Agreement, has in issue ordinary shares of £[insert nominal value] each, of which one ordinary share has been issued fully paid and is registered in the name of [A] and one ordinary share has been issued fully paid and is registered in the name of [B]. (B) The Company shall carry on business in accordance with the terms and conditions of this Agreement. (C) [A] and [B] shall exercise their rights in relation to the Company in accordance with the terms and conditions of this Agreement. The parties agree: 1 Definitions

What is a joint venture? A joint venture (JV) is a commercial arrangement entered into by two or more independent parties whereby each party agrees to develop, often for a finite time, a new entity by contributing equity or other assets. For the purposes of this Practice Note, the new entity will be referred to as the joint venture company (JVCo). The parties exercise control over the JVCo and consequently will typically share revenues, expenses and ownership. A JV can take many forms. For example, it may be operated through a separate JV vehicle, commonly a limited liability company or a partnership. Alternatively, and at its simplest, it may be an arrangement between participants, the JV parties (JVPs) whereby those participants do not form a separate legal entity, but rather associate with one another simply by means of a contractual arrangement. For further, more general information on JVs, see Practice Note: Setting up a corporate joint venture—initial considerations. This Practice Note only seeks to detail the effect a JV may have on general share incentive

What is a joint venture? A joint venture (JV) is a commercial arrangement entered into by two or more independent parties whereby each party agrees to develop, often for a finite time, a new entity by contributing equity or other assets. For the purposes of this Practice Note, the new entity will be referred to as the joint venture company (JVCo) and the parties to the joint venture as the joint venture parties (JVPs). The parties exercise control over the JVCo and consequently will typically share revenues, expenses and ownership. There are no specific laws, including tax laws, applicable to JVs and no technical legal meaning of the term. A JV can take many forms. For example, it may be operated through a separate JV vehicle, commonly a limited liability company or a partnership. Alternatively, and at its simplest, it may be an arrangement between participants—the JV parties—whereby those participants do not form a separate legal entity, but rather associate with one another simply by means of a contractual arrangement. For further, more general information

Construction analysis: The Technology and Construction Court (TCC) refused to summarily enforce an adjudicator’s decision made in favour of a company, which company was one of two partners in an unincorporated joint venture. The joint venture had been appointed as sub-contractor, under a sub-contract for works at a nuclear facility. The court found that the company alone was not a party to the sub-contract, and so the adjudicator had lacked jurisdiction. The case emphasises the need for parties to carefully consider the legal implications of carrying on projects as an unincorporated joint venture.

Contract Where a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be: • joint • several, or • joint and several Whether an undertaking is joint, several, or joint and several in contract is a question of construction and is dependent on the intention of the parties as evidenced in the contract. For example, in Rhinegold Publishing v Apex Business Development, statutory demands were served on Rhinegold Ltd, and a related company, Tannhauser Ltd, in the sums of approximately £22,000 and £31,000 respectively. A settlement agreement was subsequently entered into under which the parties agreed to pay the amounts due, but Tannhauser failed to fully do so. Although the settlement agreement was silent on the question of liability, the High Court held that on a proper construction of the agreement, the parties were jointly and severally liable. Rhinegold was therefore required to pay the outstanding sums owed by Tannhauser. Joint liability Joint liability arises

This Practice Note aims to guide practitioners to Q&As covering the rules and procedure that apply in cases where one or more of the owners of jointly owned property lacks mental capacity. It should be noted that Q&A content is not maintained and so the Q&As linked to from this Practice Note state the law as at the date indicated in each case. Introduction When two or more people own real property together, whether as joint tenants or tenants in common, a trust of land is created of which the owners are trustees. If one or more of those trustees becomes incapable of managing their property and affairs they will not be able to sign any legally binding documents dealing with the property. If such a property is to be sold an application will need to be made for an order appointing someone to replace the incapable trustee, or trustees. For information on the level of capacity required to sell a property, see Practice Note: Capacity to make gifts, settle property and contract,

Commercial analysis: How will the courts interpret the law as it relates to buying a joint lottery ticket? Stuart Padgham, partner at Thomas Eggar, comments on a ruling in which the court held that the parties had entered into a contract to play and winnings therefore had to be shared.

Chair of the Home Office Independent Review of Disclosure and Fraud Offences, Jonathan Fisher KC has published an update outlining the progress of the review's second phase. The update identifies three focus areas: whistleblowing mechanisms for fraud detection, sentencing reform and technological/legislative changes. Fisher reports consulting over 120 stakeholders across the justice system and plans to submit final recommendations to the Home Secretary by end-2025. The review examines the Fraud Act 2006's effectiveness for internet fraud cases, which now constitute 43% of all recorded crime in England and Wales.

Jordan’s Cabinet has approved the justifications for a draft law amending the Arbitration Law of 2026 and referred them to the Bureau of Legislation and Opinion to complete the approval procedures. The draft amendment aims to establish an institutional framework for arbitration in accordance with international standards and practices, drawing on Jordanian expertise and to promote Jordan as a regional and international destination for arbitration. It would also establish the Jordan Arbitration Centre (JAC) as a specialised international arbitration centre with legal personality. The government stated that the proposed framework is intended to strengthen confidence in arbitration as a means of dispute resolution, encourage investment and enhance confidence in Jordan’s investment environment, in line with the Economic Modernisation Vision.

1. What is the applicable legislation? Jordan’s foreign investment landscape is shaped by several interconnected statutes. At its core is the Investment Environment Law No. 21 of 2022, supplemented by the Investment Environment Regulation No. 7 of 2023, which collectively establish the regulatory architecture for foreign ownership restrictions, activity classification, and available investment incentives. The Companies Law No. 22 of 1997 (as amended) provides the broader framework for establishing and operating business entities, covering matters of incorporation, shareholder governance, and ongoing corporate compliance. Other relevant legislation includes the Competition Law No. 33 of 2004, as amended (most recently by Law No. 8 of 2026) which addresses merger review and the prevention of anti-competitive conduct, alongside various sector-specific statutes that apply to regulated fields such as banking, insurance, telecommunications, transport, media, health, energy, tourism, and education. Commercial agency arrangements are subject to the Commercial Agents and Intermediaries Law No. 28 of 2001. Jordan is also a party to numerous bilateral investment treaties (BITs) and double taxation treaties (DTTs) that may provide additional protections and obligations