Offer of employment to a new employee, in the form of an offer letter from the employer, which the new employee may accept by signing and returning employment contract to be enclosed with the letter.
Read moreUsually following an interview process, the employer may wish to send a formal offer of employment to the new employee.
The offer letter is a binding legal offer from the new employer, capable of acceptance by the individual in accordance with its terms and usually within a specified period. If not accepted within that period, the offer will lapse.
Acceptance may be stated to be subject to a number of conditions, including:
For forms of employment contract for either a junior or senior employee, see:
Following the closing of a share sale transaction, the seller will remain the registered owner of the shares which have been sold until the buyer has paid the necessary stamp duty. This process can take a number of weeks. The transfer of the sale shares cannot be registered in the register of members of the target company until the stamp duty has been paid.
The buyer will want to be able to exercise all the rights as the owner of the sale shares notwithstanding that the seller remains the registered legal owner of the sale shares. To enable the buyer to do this, the buyer will usually require that the seller grants a power of attorney in favour of the buyer which enables the buyer to exercise the legal rights of ownership of the sale shares.
If a share transfer involves consideration exceeding £1,000, stamp duty will be payable to HMRC and HMRC will need to confirm that the stamp duty has been paid. This stamping process typically takes a few weeks and involves payment of the stamp duty and submission of the stock transfer by email to HMRC for HMRC to confirm the payment.
£35.00 exc VAT
Updated by a lawyer on 30/05/2025
£35.00 exc VAT




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