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Short Form Subscription Agreement
"I need a Short Form Subscription Agreement for my tech startup to issue 10,000 ordinary shares to a new angel investor, with completion planned for March 2025 and including basic warranties about our intellectual property."
1. 1. Parties: Identification of the subscribing party and the company issuing shares
2. 2. Background: Context of the subscription and brief description of the transaction
3. 3. Definitions: Key terms used throughout the agreement
4. 4. Subscription: Details of shares being subscribed for and payment terms
5. 5. Completion: Timing and mechanics of the subscription completion
6. 6. Warranties: Basic warranties from both parties
7. 7. Governing Law: Specification of English and Welsh law as governing law
1. Conditions Precedent: Required when completion is subject to certain conditions. Used for complex transactions or regulatory requirements
2. Restrictive Covenants: Restrictions on subscriber's activities. Used when protecting company interests is crucial
3. Tag-Along Rights: Rights to join in sale of shares. Used for minority shareholder protection
1. Schedule 1 - Details of the Company: Company information including share capital structure
2. Schedule 2 - Subscription Details: Detailed breakdown of shares being subscribed for
3. Schedule 3 - Warranties: Detailed warranties (if more extensive warranties are required)
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