Contract for buy-back of a shareholders equity in a UK company -- 2
Budget: £20 – £250 GBP
I am looking for a UK QUALIFIED LAWYER who can assist me with drafting a contract for the buy-back of a shareholder's equity in a UK company. The purpose of this buy-back is a change in ownership structure.
Skills and Experience:
- Extensive knowledge of UK corporate law and regulations
- Experience in drafting legal contracts, specifically shares buy-back agreements
- Familiarity with English law and its application to business transactions
The ideal freelancer should have a strong attention to detail and excellent communication skills to ensure that all necessary legal provisions and requirements are included in the contract.
PLEASE SEE DETAILS OF THE AGREEMENT NEEDED BELOW:
I /, PERSON A, have a UK Company called COMPANY XX (details provided on commission of project) that I am a 78% shareholder in. One of the Shareholders within the company, Person Y, wants to sell her Shares in the company back to myself.
PERSON Y is a 1% shareholder in COMPANY XX and owns 10 shares. in the company (1% equity) and PERSON Y Turner has agreed to sell the shares back to myself PERSON A for the price that she paid for them being £10,000.
At present I, PERSON A, do not have the cash to pay for the shares outright o my co-founders father, PERSON Z, whom owns shares in a UK COMPANY called COMPANY 2 has agreed that his equity in COMPANY 2 can be used as guarantee so that if PERSON Y is not paid the £10,000 for her equity within 12 months then COMPANY 2 shares (a company valuation for COMPANY 2 has been agreed at 1 M for this transaction) will be transferred to PERSON X for the outstanding amount’ payable to PERSON X for COMPANY X shares. PERSON X's shares will be transferred / sold to Maria Wendy Tentis immediately on signing of the agreement.
1. PERSON A purchase’s PERSON X 10 shares in COMPANY XX for £10,000 which is the price that DPERSON Y subscribed for the shares and the shares are transferred over to PERSON A on signing of the agreement.
2. Payment is made for the 10 shares within 12 months of the signing of the agreement – no interest payable.
3.If payment is not received for the 10 shares within the 12 months then PERSON X will receive ACOMPANY 2 shares - a valuation of COMPANY 2 at £1 M has been agreed - to the value of remaining amount payable.
I need an agreement for this transaction to be drawn up asap.
Skills and Experience:
- Extensive knowledge of UK corporate law and regulations
- Experience in drafting legal contracts, specifically shares buy-back agreements
- Familiarity with English law and its application to business transactions
The ideal freelancer should have a strong attention to detail and excellent communication skills to ensure that all necessary legal provisions and requirements are included in the contract.
PLEASE SEE DETAILS OF THE AGREEMENT NEEDED BELOW:
I /, PERSON A, have a UK Company called COMPANY XX (details provided on commission of project) that I am a 78% shareholder in. One of the Shareholders within the company, Person Y, wants to sell her Shares in the company back to myself.
PERSON Y is a 1% shareholder in COMPANY XX and owns 10 shares. in the company (1% equity) and PERSON Y Turner has agreed to sell the shares back to myself PERSON A for the price that she paid for them being £10,000.
At present I, PERSON A, do not have the cash to pay for the shares outright o my co-founders father, PERSON Z, whom owns shares in a UK COMPANY called COMPANY 2 has agreed that his equity in COMPANY 2 can be used as guarantee so that if PERSON Y is not paid the £10,000 for her equity within 12 months then COMPANY 2 shares (a company valuation for COMPANY 2 has been agreed at 1 M for this transaction) will be transferred to PERSON X for the outstanding amount’ payable to PERSON X for COMPANY X shares. PERSON X's shares will be transferred / sold to Maria Wendy Tentis immediately on signing of the agreement.
1. PERSON A purchase’s PERSON X 10 shares in COMPANY XX for £10,000 which is the price that DPERSON Y subscribed for the shares and the shares are transferred over to PERSON A on signing of the agreement.
2. Payment is made for the 10 shares within 12 months of the signing of the agreement – no interest payable.
3.If payment is not received for the 10 shares within the 12 months then PERSON X will receive ACOMPANY 2 shares - a valuation of COMPANY 2 at £1 M has been agreed - to the value of remaining amount payable.
I need an agreement for this transaction to be drawn up asap.