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Equity Transfer Contract
"Need an Equity Transfer Contract for transferring 30% of shares in our UK tech startup to a new investor, with specific non-compete clauses and staged payment terms to be completed by March 2025."
1. Parties: Details of the transferor and transferee
2. Background: Context of the transfer and company information
3. Definitions: Key terms used throughout the agreement
4. Transfer Details: Specific details of shares being transferred, including quantity, class, and nominal value
5. Consideration: Payment terms, amount, and method of payment for the shares
6. Completion: Transfer execution process, timing, and completion obligations
7. Warranties: Standard warranties from transferor regarding ownership, authority, and share status
1. Pre-completion Conditions: Conditions that must be met before transfer completion, including regulatory approvals or third-party consents
2. Non-compete Provisions: Restrictions on transferor's future activities and competition limitations
3. Tax Indemnities: Specific tax-related protections and indemnifications between parties
1. Share Certificate: Copy of existing share certificate(s) being transferred
2. Board Resolution: Company board resolution approving the transfer
3. Company Information: Detailed information about the company whose shares are being transferred
4. Transfer Form: Standard stock transfer form (Form J30)
5. Disclosure Letter: Document containing disclosures against warranties given in the main agreement
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