Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.
This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.
This is a senior employment agreement template that we at Genie AI have used to hire 20+ employees. The agreement is structured so that all the key commercial terms that would change per employee are kept at the bottom in a table in the schedule, to make it easy to use on an ongoing basis. Since this is a senior employment contract, it contains a significant amount of provisions for restrictive covenants, such as non-solicitation (enticing away of customers, business or employees after the employee has left) and non-compete clauses. There is also provision to make reference to an incentive scheme such as an EMI option scheme, however it is recommended to keep this in a separate agreement, in order to avoid a binding promise and avoid variations to the incentive scheme resulting in variations to the terms of employment. Apart from that this is a fairly simple agreement that is easy to use and repeat for many employees.
This IP Agreement is designed for an individual to assign IP to a company e.g. a founder is starting a company and needs to vest the IP into that company
This Intern Agreement Letter is a binding legal contract, written as a simple letter to be more readable and amenable to an intern. The intern is treated as a contractor, not a full time employee. The letter contains the main provisions to hire an intern, such as salary and payment, holidays, who the manager will be and the work the intern will undertake.
This one way non disclosure agreement template is to be used in the UK for general commercial purposes. It was drafted from a neutral and fair perspective between the interests of the discloser and the recipient. It is also known as a One-way NDA or a One-wayconfidentiality agreement
This standard clause can be used to convert a Standard document, Charge over shares, into a charge over all certificated shares and securities owned by the borrower.
A takeover timetable is a document that shows the main steps of a takeover bid that is structured as an offer.
A policy on the availability of and basis on which an employer accepts requests for career breaks.
A life assurance clause is a provision in an employment contract that guarantees life insurance for an employee.
The following are rules for a website data room to be used by the seller in an auction process for selling a company or assets, where the data room is accessed online. For rules to be used with a physical data room, see Standard document, Data room rules: acquisitions.
The following is a template for a company share option plan (CSOP) that meets the requirements of Schedule 4 of the Income Tax (Earnings and Pensions) Act 2003.
The following are a number of alternative pension clauses that can be inserted into an employment contract, depending on the type of pension benefit being offered: - Standard documents- Employment contract for a junior employee- Employment contract for a senior employee
This is a legal document for a loan in the form of a promissory note, with accompanying drafting notes, for a fixed-rate, unsecured loan.
A statutory demand is a legal document that a creditor can use to petition a company for insolvency.
This document provides advice to an employee who is unfamiliar with tribunal procedure about how to conduct a claim in the employment tribunal, the different stages of a tribunal claim, what happens during a hearing, and what steps can be taken after receiving a tribunal decision.
A shareholder waives their right to preemptively buy shares in a company in connection with that company buying back its own shares.
The board of directors for a company approved the grant of security to secure the obligations of another group company under either a syndicated or bilateral facility agreement. This approval is documented in the board minutes.
A letter from an employee objecting to a TUPE transfer. This is a standard letter that can be used by an employee who wishes to object to their employment being transferred under the Transfer of Undertakings (Protection of Employment) Regulations 2006.
This document contains a list of legal due diligence enquiries relating to areas of specific or heightened risk arising from the COVID-19 pandemic for use in connection with a share purchase transaction involving the acquisition of a target company incorporated in England and Wales.
This is a legal document appointing an environmental consultant. It can be adapted for different purposes, like a Phase 1 report, or a more complex Phase 2 report or remediation project connected to a development. It has optional wording for suspending the consultant's services instead of terminating the agreement, and optional obligations the environmental consultant may have.
This is a standard domain name transfer agreement that is pro-buyer, meaning it is in favor of the buyer. This agreement is typically used when domain names are being transferred as part of a larger corporate transaction, such as an asset purchase.
This is a legal document that records the declarations of interest by directors in a proposed or existing transaction or arrangement with the company, under sections 177 and 182 of the Companies Act 2006, respectively.
This is a letter confirming an employee's formal verbal warning for misconduct. It should not be used where the intention is to give an informal warning.
A standard-form trust deed and rules for a private-sector occupational pension scheme providing benefits on a final-salary, career-average, and money purchase basis.
A deed of guarantee and indemnity is a legal document that protects the seller in case they are unable to fulfill their obligations under an asset purchase agreement. The guarantor, typically the seller's parent company, agrees to cover any losses incurred by the seller.
This is an application for an order from the employment tribunal, in accordance with rule 30 of the Employment Tribunals Rules of Procedure 2013.
Shareholder resolutions to approve acquisition, disposal and other agreements: intra-group reorganisations. Specimen resolutions to approve acquisition, disposal and other agreements that are proposed to be entered into either on uncommercial terms or where it may otherwise be difficult to show that the transaction or agreement in question is in the company's best interests and promotes its success.
A call option agreement is a legal document that grants the holder the right to purchase shares of a private limited company at a specific price within a specific period of time.
This employment agreement (also known as an employment contract or service agreement) can be used when hiring a new member of staff to determine the key terms of employment including employment conditions, rights, responsibilities and duties of both the company and the employee.
This document provides a case study of a creditor’s petition to wind up a company on the grounds of insolvency, including guidance on the documents required and an example of each.
This document is a standard letter from a legal representative to a migrant, when instructed by an employer to assist with their application to enter the UK as a Skilled Worker. This is part of a series of letters.
This policy sets out arrangements for employees and agency workers to take time off work to attend certain appointments connected to the adoption of a child or children.
The board of an issuer approves a bond issue and the execution of the relevant documents in board minutes.
This document provides answers to frequently asked questions about salary sacrifice arrangements made in return for enhanced employer contributions to registered pension schemes.
A letter inviting an employee to attend a KIT day, which may be beneficial for them to attend during their maternity, paternity, or adoption leave.
This is a standard letter that an employer would send to an employee who has requested to work beyond their retirement date, outlining the next steps in the process.
This is a long-form parental leave policy intended for larger organizations. It reflects the statutory scheme under which employees can take unpaid parental leave.
A form of application for clearance under section 138 of the Taxation of Chargeable Gains Act 1992 for a transaction under section 135 (and section 138A) of that Act.
This document is an Acceptance Notice for Phantom Shares and Cash-settled Share Appreciation Rights awarded under an LTIP.
This document provides an example of the resolutions that must be passed at a general meeting in order to place a company into members' voluntary liquidation, in accordance with the Insolvency Act 1986.
This is an employment tribunal case management order that sets out the different stages of employment tribunal proceedings under the Employment Tribunals Rules of Procedure 2013.
A bonus schedule that is attached to an employment contract, for example Standard documents, Employment contract for a senior employee or Director's service agreement (long-form), in which an employee has a contractual entitlement to receive an annual bonus calculated by reference to the company's pre-tax profits.
This document allows a company limited by shares to hold a general meeting with less notice than usual, provided that all relevant members sign either one document or separate documents authorizing this.
This document is the application form and appointment booking for a Skilled Worker permission to enter the UK. It can be used as a basis for a second letter from a legal representative to a migrant, when instructed by an employer to assist an overseas national with an application to enter the UK as a Skilled Worker for work.
A profit share provision is a type of arrangement that may be used with a real estate finance facility agreement. Under this arrangement, the borrower agrees to pay an exit fee or profit share to the lender if certain events occur. The fee is calculated by deducting the acquisition and development costs relating to a property from its sale proceeds or latest valuation.
This is a legal document called "Board Minutes" which approves the annual accounts for a private company. This document is to be used in accordance with section 414 of the Companies Act 2006.
This document is a share exchange agreement for an intra-group reorganization. The agreement is shorter than a typical share purchase agreement, and does not provide the same level of protection for the parties.
This document is an application for a witness order in the employment tribunal, filed in accordance with rule 32 of the Employment Tribunals Rules of Procedure 2013.
This standard document can be used by a legal representative, when instructed by an employer, to help an overseas national apply for a UK Intra-Company Transfer visa. The document includes an application form and instructions for booking an appointment.
Board resolutions: Borrower ratifying facility agreement. Borrower board resolutions ratifying signing or execution of a facility agreement. These resolutions are intended for use with Standard document, Board minutes: borrower approving facility agreement.
This document can be used as a template for a letter of support from a previous UK employer organization to UK Visas and Immigration for a sponsored migrant's application for indefinite leave to remain in the UK.
A letter that waives conditions precedent under a facility agreement is also known as a loan agreement.
If you are an employee who is thinking about bringing a claim for constructive dismissal, here is some advice from a legal adviser.
This is a legal document that grants an employee the option to buy shares in the company based on how long they have worked there and how well they have performed.
A policy document outlining paternity leave and pay arrangements that consider statutory entitlements, with optional paragraphs for increased paternity pay.
This document is a request form for an employee who wishes to continue working past their mandatory retirement age, as set by the DRA. The form may be attached to the retirement policy, and ensures that all legal requirements for making such a request are met.
This document is for an employee who wishes to notify their employer that they intend to return from maternity leave early.
This is a completion agenda for a share purchase transaction where the buyer, seller, and target company are all registered in England and Wales, and the transaction will involve a simultaneous exchange and completion.
A legal document appointing a receiver to assets of a borrower, under a fixed charge, using powers granted by the relevant security documents. This document contains integrated drafting notes.
This is a letter from the tribunal to the unsuccessful party in employment tribunal proceedings, advising them of their options to apply for a reconsideration and/or appeal.
This document is a disclosure letter for share purchases from the perspective of the buyer. It is based on a standard document, with modifications to be more favorable to the buyer.
A term sheet for a loan to finance the acquisition of a private company in England or Wales, with options for the interest rate to be based on either SONIA compounded in arrears or the Bank of England's Bank Rate.
This is an ancillary rights agreement between a music production company and a musical artist. Under this agreement, the artist agrees to share a portion of their income from activities outside of recording with the company. This agreement is used in conjunction with a recording (production) agreement.
A clause that allows an employer to make a payment in lieu of notice (PILON) to terminate an employment contract immediately, without breaching the contract. This could be adapted for insertion in a Standard Employment Contract for a junior employee.
A list of standard clauses that can be inserted into an employment contract for a junior or senior employee, or a director, each with integrated drafting notes.
This policy deals with employees' statutory right to request time off for training under sections 63D to 63K of the Employment Rights Act 1996. It only applies to employers with 250 or more employees.
Board minutes: seller (completion): share purchases. Minutes of a meeting of a committee of the board of a corporate seller held for the purpose of approving the formalities for completing a share sale transaction, where there is an interval between exchange and completion.
This is a form of letter appointing administrative receivers to a company, which contains integrated drafting notes.
A schedule of loss for discrimination and unfair dismissal cases in employment tribunal proceedings.
This is a template for a loan note certificate that will be given to the holder of the loan in exchange for shares in another company. The loan is a floating rate loan that is guaranteed.
A put option agreement is a legal document that gives the holder the right, but not the obligation, to sell shares of a private limited company for a specific period of time and at a specific price.
This is a letter that a lawyer would send to an employee client that contains commentary on a standard document called a "Settlement Agreement: Employment (Long Form)." The letter should be adapted to reflect any specific instructions given by the client.
This is a letter to an opponent in the employment tribunal, warning them that you may apply for costs against them.
This is a letter to employees' representatives explaining their role in a TUPE transfer. It outlines their duties and responsibilities under the Transfer of Undertakings (Protection of Employment) Regulations 2006.
This is a legal document that grants an employee an "exit only" stock option from their company.
A policy to outline the commitment of your organisation to the laws, regulations, and other policy mechanisms concerning environmental issues. This includes a mission statement, policy aims, and a breakdown of steps your organisation will take to achieve these aims.
The board of directors of a limited company approved a redemption of shares and payment out of distributable profits.
This is a short-form anti-corruption and bribery policy, designed to help employers comply with the Bribery Act 2010. For a more detailed policy suitable for a large organisation, see Standard document, Anti-corruption and bribery policy (long-form).
The terms of reference for a nomination committee of a premium listed company for financial years beginning on or after 1 January 2019 are as follows:
This document is an agreement to establish a forum where employees or employee representatives can discuss workplace issues with their employer. This agreement satisfies the requirements for a negotiated agreement under the Information and Consultation of Employees Regulations 2004. The agreement should be used where at least 2% of the employees have requested a negotiated agreement or the employer has given notice to the workforce that it intends to negotiate an agreement under the ICE Regulations. If neither of those scenarios exist, the Standard document, Information and consultation: Pre-existing agreement should be used.
The client requests updated employee liability information from the current service provider for the purposes of regulation 11 of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (SI 2006/246), which will be forwarded to the replacement service provider.
If you are an employee who has been awarded money by an employment tribunal, but your employer has not paid you, you may be able to enforce the award in the civil courts. This document provides advice on how to do this.
This document is a list of creditors and contributories who have given notice that they intend to appear at the hearing of a winding-up petition, in accordance with rule 7.14 of the Insolvency (England and Wales) Rules 2016. This document meets the requirements of rule 7.15 of those Rules, and is part of a case study of a creditor’s petition to wind up a company under section 124 of the Insolvency Act 1986.
A voluntary notice from a registered PSC or RLE to a company that they are no longer a registrable person or entity in relation to that company.
This is a policy document outlining an employer's paternity leave and pay arrangements that meet the minimum requirements set out by law.
The financial covenants for a real estate finance facility agreement, either syndicated or bilateral, comprise a loan to value (LTV) covenant, an interest cover covenant, and a debt service cover covenant. The wording allows the borrower to remedy a covenant breach by either partially prepaying the loan or making a payment into a blocked account, which will be treated as a prepayment of the loan. The interest cover and debt service cover covenants and related definitions contain optionality so that they can work on either an actual (look-back) or a projected (look-forward) basis.
This document can be used as a template for a letter from a lawyer to a migrant worker in the UK who has been instructed by their employer to apply for a change in sponsorship. This is the last letter in a series of letters about changing employers in the UK.
The borrower is requesting the lender's consent to take out a new loan and create security for that loan with a new lender. This is intended for use where the borrower's existing agreement with the lender prohibits additional borrowing and the creation of new security.
The following are conditions that must be met in order for a loan to be taken out for the purchase of a used ship: 1. The ship must be inspected and approved by a qualified marine surveyor.2. The ship must be insured for its full value.3. The ship must be registered in the country of the buyer.4. The ship must be seaworthy and have all the necessary certificates and licenses.
The escrow letter sets out the instructions from the buyer and seller to their solicitors concerning the opening and operation of an escrow account to hold part of the purchase price for an agreed period. This is to meet the seller's potential liability pursuant to the warranties and indemnities in an asset purchase agreement.
This document is an agreement for an employee to opt out of the average 48-hour work week, as allowed by the Working Time Regulations 1998. This document is in the form of a letter. For more information on working time, see the Practice note: Working Time Regulations: overview.
This document is a standard letter that can be used by an employer's legal representative when applying for permission to stay in the UK as a Skilled Worker. This is one of a series of letters.
The acceptance condition in the offer document sent out as part of a takeover bid (drafted under the 12th edition of the Takeover Code) is an example of an acceptance condition.
Warranties relating to specific risks arising from the COVID-19 pandemic or its aftermath that may be included in an asset or business purchase agreement.
This standard document contains sample wording to be included in, or attached to, an ET3, showing how an employer's response to claims for pregnancy or maternity discrimination under the Equality Act 2010, the Maternity and Parental Leave etc Regulations 1999 (SI 1999/3312), section 47C of the Employment Rights Act 1996 and related unfair dismissal claims, including redundancy and automatic unfair dismissal, might be structured.
This is the statement that a self-certified sophisticated investor must sign for the purpose of article 50(A)(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order (SI 2005/1529) (FPO).