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.

Shareholder resolution: share buyback out of profits

Name: Shareholder resolution: share buyback out of profits - PaperRock Documents
SKU: RES008.001
Price: 25.00 GBP
Availability: InStock

Written shareholder resolution to approve a share buyback under section 694 of the Companies Act 2006, approving the terms of a share buyback agreement.

Use this document:

- to approve the terms of a share buyback agreement between the company and a shareholder
- for a private limited company incorporated in England and Wales
- where the buyback is being funded out of distributable profits
- in conjunction with board resolutions approving the buyback
- where shareholder approval is being obtained by written resolution in accordance with the Companies Act 2006

Key features include:

resolution in the form of a written ordinary resolution, to be signed by all eligible shareholders
prepared in accordance with section 694 of the Companies Act 2006
clearly identifies the number and class of shares, the seller and the consideration payable

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.

£25.00 exc VAT

Updated by a lawyer on 08/12/2025

Updated By a lawyer on 12/08/2025

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