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Deed Of Assignment Of Shares
"I need a Deed of Assignment of Shares for transferring 40% of my GmbH shares to a strategic investor, with completion planned for March 15, 2025, including standard warranties and representations but no non-compete provisions."
1. Parties: Identification of the Assignor (transferring shareholder) and Assignee (receiving party), including full legal names and addresses
2. Background: Context of the transfer, including details of the company whose shares are being transferred and the existing shareholding structure
3. Definitions: Key terms used throughout the deed, including 'Company', 'Shares', 'Completion Date', etc.
4. Subject Matter of Assignment: Detailed description of the shares being transferred, including number, class, and nominal value
5. Consideration: Details of the purchase price or other consideration for the transfer
6. Effective Date and Completion: Specifics about when the transfer becomes effective and completion mechanics
7. Representations and Warranties: Basic warranties from the Assignor regarding ownership and authority to transfer
8. Assignor's Covenants: Undertakings from the Assignor regarding the transfer and any post-completion obligations
9. Notifications and Consents: Requirements for notifying the company and obtaining necessary corporate consents
10. Powers of Attorney: Authority granted to execute additional documents or take necessary actions
11. Governing Law and Jurisdiction: Confirmation of German law application and jurisdiction
12. Execution: Formal execution blocks including notarization requirements
1. Tag-Along Rights: Include when existing shareholders have tag-along rights that need to be addressed
2. Pre-emption Rights Waiver: Include when other shareholders have pre-emption rights that need to be formally waived
3. Security Interest Provisions: Include when the shares are subject to any existing security interests or new security is being created
4. Non-Competition Provisions: Include when the Assignor is agreeing to non-compete restrictions
5. Tax Provisions: Include specific tax-related provisions when there are particular tax implications to be addressed
6. Shareholders' Agreement Adherence: Include when the Assignee needs to adhere to an existing shareholders' agreement
1. Share Details: Detailed description of the shares including share certificate numbers and shareholding history
2. Company Information: Key details about the Company including registration number, registered office, and current directors
3. Existing Security Interests: List of any existing security interests or encumbrances over the shares
4. Required Consents: List of required corporate and regulatory consents
5. Form of Transfer Notice: Template for the formal share transfer notice to the Company
6. Powers of Attorney: Any required powers of attorney in prescribed form
7. Corporate Approvals: Copies of relevant corporate approvals and resolutions
Authors
Financial Services
Manufacturing
Technology
Real Estate
Healthcare
Professional Services
Retail
Energy
Transportation
Construction
Media and Entertainment
Telecommunications
Legal
Corporate Secretariat
Finance
Compliance
Corporate Development
Mergers & Acquisitions
Executive Management
Board of Directors
Legal Counsel
Corporate Lawyer
Managing Director
Company Secretary
Chief Legal Officer
Chief Financial Officer
Corporate Development Manager
Investment Manager
Compliance Officer
Transaction Manager
General Counsel
Board Member
Mergers & Acquisitions Director
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