Approve requisition
Approving requisitions protects the company, ensures timely completion, and follows internal procedures.
Section 338A Board Resolution To Consider Including Matter In Business Of Agm Requisitioned By Members
The template is designed to assist companies in documenting a board resolution that addresses such a requisition made by members. It outlines the specific procedures and considerations that the board of directors must follow when evaluating the requested matter's inclusion in the AGM's agenda.
The template would typically include the following sections:
1. Introduction: This section provides an overview of the purpose and context of the template, highlighting the relevant legal provisions and obligations imposed by Section 338A.
2. Requisition Details: Here, the template prompts the company to provide a summary of the requisition made by members, including the specific matter requested to be included in the AGM's business.
3. Board Consideration: This section outlines the steps to be taken by the board when evaluating the requisition. It may include requirements to seek legal advice, assess the matter's legality and materiality, and consider its potential impact on the company and its shareholders.
4. Decision-Making Process: The template instructs the board to determine whether the requisitioned matter should be included in the AGM's agenda or be excluded, with adequate justifications for the decision reached. It may also address procedural steps for notifying members of the board's decision.
5. Implementation and Documentation: This section guides the company on the necessary steps to implement the board's decision and appropriately document it in board minutes, annual reports, or any other relevant documentation.
It's important to note that specific legal advice should be sought when using this template, as it merely serves as a starting point and should be customized to comply with the specific circumstances and intricacies of the company's situation and applicable UK laws and regulations.
Publisher
ƵJurisdiction
England and WalesSection 338 Board Resolution To Consider Notice Of Resolution Requisitioned By Members
This template outlines a specific process and guidelines for the board of directors to follow regarding the consideration of a requisitioned Notice of Resolution. It includes the necessary legal language and format required to achieve compliance with UK law, ensuring that the board's actions adhere to the appropriate legal framework.
Depending on the specific nature of the member-requisitioned Resolution, matters for consideration could vary greatly, ranging from seeking changes to the company's bye-laws, proposing amendments to corporate policies, electing new directors, or even addressing major business decisions like mergers or acquisitions. The template assists in establishing a systematic and formal approach for the board to evaluate the merits of the requisitioned resolution, potentially leading to discussions, deliberations, and, ultimately, a formal decision or further action from the board.
By employing this legal template, companies in the UK can ensure that their board meetings and resolutions surrounding member-requisitioned Notices of Resolution are conducted in a legally compliant manner, promoting transparency, accountability, and proper governance within the organization while safeguarding the rights and interests of its members.
Publisher
ƵJurisdiction
England and WalesSection 303 Board Resolution To Consider Notice Of General Meeting Requisitioned By Members
Under UK law, in accordance with Section 303 of the Companies Act 2006, shareholders or members with at least a specified percentage of voting rights (as stipulated in the articles of association or statute) have the right to requisition a general meeting. This provision allows them to bring forth matters of concern or importance that fall within the purview of such meetings.
This specific Board Resolution template is designed to guide company directors or board members in considering the notice of a general meeting requisitioned by members. It outlines the appropriate steps and processes to follow to address the members' request in compliance with UK law.
The template may include sections covering essential details such as the identification of the requisitioning members, the purpose of the requested meeting, relevant dates, and any specific requirements outlined in the articles of association regarding the notice and conduct of the meeting.
Additionally, the template might address further steps to be taken by the board after it has duly considered the members' requisition. This can include making a decision on whether to grant the request and proceed with arranging the general meeting within a prescribed time frame, or providing justifiable reasoning if the requisition is denied.
Overall, this legal template aims to provide a framework for company directors or board members to effectively manage and respond to a notice of a general meeting requisitioned by members, ensuring compliance with UK law and promoting transparency in the decision-making processes of the organization.
Publisher
ƵJurisdiction
England and WalesSection 314 Board Resolution To Consider Circulation Of Statement Requisitioned By Members
Circulating a statement requisitioned by members usually implies that the members have requested the organization or company to share a specific document or information. The statement could be related to various matters, such as financial statements, annual reports, meeting minutes, disclosure of conflicts of interest, or any other relevant details that the members believe should be shared with the wider membership or stakeholders.
The legal template likely includes specific provisions required by UK law and outlines the steps the board should follow to consider the circulation of the requested statement. This may involve notifying and convening a board meeting, adopting the resolution to consider the circulation of the statement, and establishing the timeline and method for dissemination.
Some key considerations in drafting this resolution might include assessing the legality and confidentiality requirements of the statement, its relevance to the organization's operations and responsibilities, potential repercussions or legal ramifications of sharing the information, and ensuring compliance with the company's constitutional documents and any applicable regulations.
By utilizing this legal template, the organization or company aims to ensure transparency, accountability, and adherence to UK legal requirements when responding to members' requests.
Publisher
ƵJurisdiction
England and WalesRelevant Contract Types
✉️ Board resolution
A board resolution is a formal document that records the decisions made by a board of directors or shareholders. The resolution is used to provide evidence of the board's authority to take certain actions. The resolution may also be used to delegate authority to officers or employees of the company.
Relevant Contract Types
Intellectual Property Assignment (for founders to assign IP to company)
The template aims to establish a clear and legally binding agreement between the founders and the company regarding the ownership and control of any intellectual property assets developed during the course of business operations. Intellectual property can include a wide range of intangible creations, such as inventions, designs, trademarks, copyrights, or trade secrets.
By utilizing this document, founders can formalize the transfer of their IP rights to the company, ensuring that the company has full rights and control over these assets. The template typically outlines the relevant terms and conditions of the assignment, including details about the IP being transferred, warranties and representations by the founders, and the consideration or compensation, if any, provided to the founders in return for the assignment.
This legal template serves as a valuable tool for both parties involved. For the founders, it ensures that their contributions to the company's IP are appropriately recognized, while also protecting their interests, such as receiving fair compensation or ongoing benefits from the IP. On the other hand, the template provides the company with clear ownership rights and control over the IP, which is crucial for protecting their investments, attracting investors, and facilitating future licensing or commercialization opportunities.
It's important to note that each situation may have unique circumstances, and this template should be customized to fit the specific needs and requirements of the founders and the company. Consulting with legal professionals specializing in intellectual property or corporate law is highly recommended to ensure compliance with UK laws and to address any specific concerns or considerations that may arise during the assignment process.
Publisher
ƵJurisdiction
England and WalesConsultancy Agreement - Company appointing an individual consultant (not using a personal service company)
The agreement covers various essential aspects, including the scope of work, deliverables, and project timelines. It outlines the consultant's responsibilities, ensuring they provide their professional expertise, experience, and skills to assist the company in achieving specific objectives. The agreement also details the payment terms, such as the agreed upon consultancy fees, expenses, and reimbursement policies.
Additionally, this template typically addresses the consultant's obligations regarding confidentiality and non-disclosure of any proprietary or sensitive information they may gain access to during the engagement. It may include provisions safeguarding the company's intellectual property rights and ensuring that the consultant does not engage in any conflicting activities or compete with the company's business interests.
The Consultancy Agreement also covers important legal aspects that regulate the relationship between both parties. It typically includes clauses regarding termination and the circumstances under which either party can end the agreement. The document may also address dispute resolution mechanisms, indemnification, liability limitations, and any other necessary legal provisions to protect the interests of both the company and the consultant.
In summary, this legal template for a Consultancy Agreement provides a solid foundation for establishing a clear and mutually beneficial working relationship between a company and an individual consultant under the jurisdiction of UK law. By utilizing this template, both parties can define their expectations, protect their rights, and ensure compliance with applicable legal requirements throughout the consultancy engagement.
Publisher
ƵJurisdiction
England and WalesAdvisor Agreement (Payment Via Share Options)
The template aims to establish a clear understanding and binding agreement between the company and the advisor regarding the services provided, the duration of the agreement, and the compensation structure. The document will generally include sections such as:
1. Party details: Identifies the company and the advisor, providing their respective names, addresses, and other necessary identification details.
2. Engagement terms: Outlines the scope of services the advisor will provide to the company, specifying the nature of their expertise and the specific areas they will be advising on.
3. Compensation: Details how the advisor will be remunerated for their services primarily through the allocation of share options. It may include information on the method of valuation, the exercise period, vesting conditions, and any additional terms related to the share options.
4. Confidentiality and non-disclosure: Includes provisions to protect the company's sensitive information and trade secrets, ensuring that the advisor maintains strict confidentiality during and after the agreement.
5. Intellectual property: Clarifies the ownership and rights related to any intellectual property created or utilized during the advisory engagement.
6. Termination: Establishes the circumstances under which either party can terminate the agreement, and the notice period required for such termination.
7. Governing law and jurisdiction: Specifies that the agreement will be governed by UK law and designates the specific jurisdiction for any legal disputes that may arise.
The Advisor Agreement (Payment Via Share Options) under UK law is crucial for ensuring a transparent and legally binding relationship between a company and an advisor, outlining the rights, obligations, and compensation structure to protect the interests of all parties involved. As specific laws and regulations may vary, it is advisable to obtain legal counsel to tailor the document to the unique requirements of the situation.
Publisher
ƵJurisdiction
England and WalesHow it works
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