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Section 110 Demerger By Members Voluntary Liquidation Resolutions to Pass under UK Law is a legal template designed to guide and provide a framework for the implementation of a demerger process through a members' voluntary liquidation in accordance with UK legal requirements. A demerger refers to the separation of a company's business or assets into two or more distinct entities, allowing for independent operation and management.

This template would outline the steps and procedures necessary for a company seeking to demerge its operations voluntarily by initiating a liquidation process. It would include provisions related to the passing of resolutions by the company's members, which are required to authorize and facilitate the demerger process. These resolutions may cover matters such as the appointment of liquidators, the approval of a demerger plan, the distribution of assets and liabilities among the demerged entities, and any other relevant decisions.

Furthermore, this template would address the legal requirements and formalities that must be followed to ensure compliance with UK law during the demerger process. It would provide instructions on the necessary documentation, filing, and notifications to regulatory authorities, creditors, shareholders, and other interested parties. Moreover, the template would offer guidance on any consents, approvals, or clearances from regulatory bodies that may be required for the successful execution of the demerger.

Overall, this legal template serves as a comprehensive resource for companies in the UK intending to carry out a demerger through a voluntary liquidation process. Its purpose is to assist in drafting the necessary resolutions, documentation, and complying with legal obligations, ultimately facilitating a smooth and legally compliant demerger.

This legal template pertains to the sale of freehold land in the United Kingdom, with a specific condition of vacant possession subject to planning permission. In other words, the template provides a framework for a legal agreement between a seller and a purchaser for the transfer of freehold land, where the land should be unoccupied at the time of completion, and the buyer acknowledges that the sale is contingent upon obtaining planning permission for the desired use or development of the land.

The template may include various clauses and provisions, such as the identification of the parties involved, detailed description of the land being sold, terms of payment and price, obligations of both parties, and any applicable warranties or representations. It is likely to cover important legal aspects, including the transfer of title, any restrictions or encumbrances affecting the land, and the seller's duty to facilitate the vacant possession before completion.

Since the sale is subject to planning permission, the template may address the potential risks and responsibilities associated with obtaining applicable permits within a specified timeframe. It may outline conditions under which the purchaser can terminate the agreement if planning permission is not granted, or stipulate that the seller has made reasonable efforts to secure planning permission prior to completion.

The template's purpose is to provide a comprehensive, legally binding agreement that protects the interests of both the seller and the purchaser involved in the sale of freehold land, ensuring clarity regarding vacant possession and planning permission requirements. As each transaction may have unique circumstances, it is essential for parties to adapt the template to suit their specific situation and seek legal advice where necessary.