Fund Release Form Template for Denmark

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Key Requirements PROMPT example:

Fund Release Form

I need a Fund Release Form under Danish law for releasing venture capital funds (€2.5 million) from our investment fund to a tech startup, with the release scheduled for March 15, 2025, including specific milestone conditions and multi-party verification requirements.

What is a Fund Release Form?

The Fund Release Form is a critical document used in Danish financial transactions to facilitate and document the authorized release of funds between parties. It is particularly relevant when formal documentation of fund transfers is required, such as in corporate transactions, real estate deals, or investment disbursements. The document ensures compliance with Danish financial regulations, including the Danish Financial Business Act (Lov om finansiel virksomhed) and anti-money laundering requirements. This form is designed to provide clear authorization for fund releases while maintaining a proper audit trail and meeting regulatory documentation requirements. It includes essential details such as party information, fund amounts, transfer instructions, and necessary authorizations, making it suitable for both simple fund releases and complex multi-party transactions.

What sections should be included in a Fund Release Form?

1. Parties: Identification of all parties involved in the fund release, including the releasing party, receiving party, and any intermediary financial institutions

2. Background: Context for the fund release, including reference to any underlying agreements or circumstances necessitating the release

3. Definitions: Key terms used throughout the document, including specific financial and legal terminology

4. Fund Details: Specific information about the funds to be released, including amount, currency, and source

5. Release Authorization: Express authorization for the release of funds, including any required signatories

6. Release Process: Step-by-step procedure for the release of funds, including timing and verification requirements

7. Representations and Warranties: Statements confirming the authority to release funds and compliance with applicable laws

8. Compliance Statements: Declarations regarding anti-money laundering and other regulatory requirements

9. Execution: Signature blocks and execution requirements for all parties

What sections are optional to include in a Fund Release Form?

1. Conditions Precedent: Additional conditions that must be met before funds can be released, used when the release is contingent on specific events or requirements

2. Intermediary Instructions: Special instructions for intermediary banks or financial institutions, included when transfers involve multiple financial institutions

3. Currency Conversion: Terms regarding currency conversion if applicable, used when the release involves different currencies

4. Indemnification: Provisions protecting parties against potential claims or losses, included in high-value or high-risk releases

5. Dispute Resolution: Specific procedures for resolving disputes, recommended for high-value transactions

What schedules should be included in a Fund Release Form?

1. Schedule 1 - Fund Details: Detailed breakdown of the funds to be released, including account numbers and routing information

2. Schedule 2 - Required Documentation: List of all required supporting documents for the fund release

3. Schedule 3 - Authorization Matrix: Matrix showing required signatories and approval levels for different transaction amounts

4. Appendix A - Verification Documents: Copies of identification documents and authorization proof for all signatories

5. Appendix B - Release Confirmation Form: Template for confirming receipt of released funds

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Banking & Financial Services

Investment Management

Real Estate

Legal Services

Corporate Services

Construction & Development

Insurance

Private Equity

Venture Capital

Manufacturing

Import/Export

Relevant Teams

Finance

Treasury

Legal

Compliance

Risk Management

Corporate Banking

Fund Administration

Investment Operations

Transaction Services

Account Management

Relevant Roles

Chief Financial Officer

Finance Manager

Treasury Manager

Financial Controller

Compliance Officer

Legal Counsel

Fund Administrator

Account Manager

Banking Relationship Manager

Corporate Treasurer

Finance Director

Risk Manager

Transaction Manager

Investment Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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