Genie AI

This Back End Developer contract template is designed for a commercial back end organisation (or an individual back end developer) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of back end and back-end-related services to be completed by the back end developer on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the back end firm or individual back end developer on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).

This legal template pertains to the board meeting minutes focusing on the declarations of interest made by directors under Sections 177 and 182 of UK law. During board meetings, directors are required to disclose any existing or potential conflicts of interest related to matters being discussed or decisions to be made. These minutes document the proceedings and discussions held during the meeting, specifically highlighting the declarations of interest made by directors as per the aforementioned legal sections. This template ensures compliance with UK law and serves as an official record of the board's transparency and adherence to ethical standards by providing a comprehensive overview of the declarations of interest made by directors during the meeting.

The legal template for a Binding Irrevocable Undertaking Agreement (Rights Issue, or Secondary Issue) under UK law serves as a legally binding document that outlines the terms and conditions between a company seeking to carry out a rights issue or secondary issue and the participating shareholders or investors.

In a rights issue, the company offers its existing shareholders the opportunity to purchase additional shares at a discounted price. This legal template would provide a framework for formalizing the commitments made between the company and the shareholders who have agreed to purchase the additional shares. It would outline the obligations of the company to issue the shares as agreed upon, while specifying the shareholders' commitment to purchase the allotted shares.

Alternatively, in a secondary issue, the company seeks to issue new shares to outside investors. This template would lay down the provisions for negotiating and finalizing such agreements with external shareholders or investors, incorporating their commitments to purchase the newly issued shares and the company's obligation to issue the shares accordingly.

The template could include clauses related to the quantity and price of shares, the time frame for exercising the rights or completing the purchase, payment terms, shareholder obligations, consequences of non-compliance, representations and warranties, termination provisions, dispute resolution mechanisms, and any other pertinent conditions as per the specific situation and applicable UK laws.

Overall, this legal template offers a comprehensive framework, specifically under UK law, for formalizing the commitments and obligations of both the company and the shareholders or investors involved in a rights issue or secondary issue scenario.