👬 Section 431 share purchase

About this category

A section 431 share purchase is a purchase of shares that are subject to a statutory restriction on transfer. The shares are typically purchased from a company that is subject to the restriction, and the purchaser is typically a person who is not subject to the restriction. The shares are purchased for a price that is below the market price, and the purchaser typically receives a discount on the shares.

👬 Section 431 share purchase

templates

Letter Explaining Section 431 Election

The document explains the advantages and disadvantages of making a joint section 431 election and is intended for practitioners to provide to clients who are considering offering restricted shares to an employee.

What to watch out for

  • The advantages and disadvantages of entering into a joint section 431 election
  • What the election entails
  • How the election could impact the employee
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    Section 146 Notice (Remedy Breach of Lease)

    This document is an example of a notice given by a landlord to a tenant under section 146 of the Law of Property Act 1925, requiring the tenant to remedy a breach of covenant of the lease.

    What to watch out for

  • The notice is given by the landlord to the tenant
  • The notice requires the tenant to remedy a breach of covenant of the lease
  • The notice must be in writing
  • The notice must state the breach of covenant that the tenant has committed
  • The notice must state that the landlord intends to forfeit the lease if the breach is not remedied within a certain period of time
  • The notice must be served on the tenant in accordance with the rules of service of process
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    1
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    1

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