When do I use this document? for termination of a contract by mutual agreement of the parties for a contract governed by English law What are the key features? agreement in the form of a deed of termination alternative wording depending on whether any provisions of the contract will continue in force after termination alternative wording depending on whether termination amounts to a release of all claims under the contract What else do I need to know? The parties to a contract may agree to bring an agreement to an end earlier than originally envisaged. The contract may itself provide for circumstances in which the contract may be terminated. These include: completion: termination of the contract once the subject-matter of the contract has been achieved notice: termination by one party by giving a specified period of notice to the other party breach: termination by one party either on immediate notice or by giving a specified period of notice following the breach of the contract by the other party (the defaulting party). The contract may provide that the breach must be “material” or “repeated” and/or that the defaulting party has a period of time in which to remedy the breach before the non-defaulting party may terminate the contract In the absence of a party being entitled to terminate the contract by its terms, the termination of a contract will require the mutual agreement of both parties to the contract.

Deed of Adherence: share issue

Name: Deed of adherence share transfer - Paper Rock Docs
SKU: COM008.001
Price: 35.00 GBP
Availability: InStock

Deed of Adherence for a new shareholder who has acquired shares through an allotment of new shares to agree to become a party to the company’s existing Shareholders Agreement, in the form of a Deed between the new shareholder and the company.

in conjunction with an allotment of new shares
where the new shareholder is required to become party to, and bound by, the company’s Shareholders Agreement
where the Shareholders Agreement does not include the required form of Deed of Adherence

What are the key features?

different forms of Deed of Adherence, depending on whether the new shareholder is an individual or a company
in the form of a Deed between the company and the new shareholder

What else do I need to know?

A deed of Adherence is required when new shares are allotted to someone who is not already a shareholder. The new shareholder may be required to agree to become a party to the company’s existing Shareholders Agreement. This requirement can be found either in the company’s Articles of Association or in the Shareholders Agreement.

This requirement is satisfied by the transferee executing a Deed of Adherence to the Shareholders Agreement. This process also applies where a new shareholder acquires shares by way of the transfer of existing shares in the company.

What other documents are available?

For a form of Deed of Adherence where the new shareholder becomes a shareholder on the transfer of existing shares in the company, see

Deed of Adherence – share transfer

Description

When do I use this document?

for termination of a contract by mutual agreement of the parties
for a contract governed by English law

What are the key features?

agreement in the form of a deed of termination
alternative wording depending on whether any provisions of the contract will continue in force after termination
alternative wording depending on whether termination amounts to a release of all claims under the contract

What else do I need to know?

The parties to a contract may agree to bring an agreement to an end earlier than originally envisaged. The contract may itself provide for circumstances in which the contract may be terminated. These include:

completion: termination of the contract once the subject-matter of the contract has been achieved
notice: termination by one party by giving a specified period of notice to the other party
breach: termination by one party either on immediate notice or by giving a specified period of notice following the breach of the contract by the other party (the defaulting party). The contract may provide that the breach must be “material” or “repeated” and/or that the defaulting party has a period of time in which to remedy the breach before the non-defaulting party may terminate the contract

In the absence of a party being entitled to terminate the contract by its terms, the termination of a contract will require the mutual agreement of both parties to the contract.

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

£35.00 exc VAT

Updated by a lawyer on 21/08/2024

Updated By a lawyer on 11/15/2022

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Deed of Adherence: share issue

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

When do I use this document?

What are the key features?

What else do I need to know?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Guide to issuing new shares in a private limited company

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

Deed of Adherence: share issue

When do I use this document?

What are the key features?

What else do I need to know?

What other documents are available?

When do I use this document?

What are the key features?

What else do I need to know?

Explanatory Guides

As with all of our document templates, your purchase will include access to clear explanatory guidance on the document and its use.

Related Articles

Guide to issuing new shares in a private limited company

Create your document in 3 Easy Steps

PaperRock offers affordable, legal document templates, written by experienced and expert lawyers, trusted by businesses across the UK and beyond. No hidden charges or trial sign-ups are required to complete your document.

“I have worked in legal and business affairs for over 25 years and need access to a wide range of corporate and commercial legal precedents. Paperrock is a refreshing source of high-quality legal templates. Superb value for money.”

Amanda | Bannister Creative

“It’s hard to find legal documents on the internet you can really trust. Knowing an expert lawyer has drafted what I need, gives my business the edge and gives me peace of mind.”

Elle, Founder | Winslow skincare & aesthetics.

“As an SME Paperrock saves us the legal fees we’ve previously had to spend. In these challenging times that's a big help. Great products and support.”

Giles, MD | Boniti Ltd.

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