Posted on 23 June 2009
Residential Lease Agreements are necessary when a landlord rents out a property, because a Court will not enforce an agreement regarding property without a writing. This Residential Lease Agreement should be used to notify a tenant of all of the terms and conditions of the rental so that all parties know their respective responsibilities. [...]
Popularity: 5% [?]
Tags: landlord, Lease Agreement, rental agreement, tenant
Posted on 28 May 2009
Shareholder Rights Agreements are contracts entered into by and between the shareholders, a.k.a. investors or stockholders, of a company. These agreements are intended to protect the company and its shareholders from potentially coercive takeover practices or takeover bids that are inconsistent with the interests of the company and its shareholders. Most often, the shareholders [...]
Popularity: 13% [?]
Tags: draft, Drafting, enforceable, Shareholder’s Rights Agreement
Posted on 22 May 2009
A Stock Pledge Agreement documents the pledge of a fixed number of shares of common stock by a shareholder as security for payment of a promissory note. It is important for every stock pledge agreement to contain the following provisions to ensure legal sufficiency:
Recitals. Here the agreement should recite the purpose and general outline [...]
Popularity: 10% [?]
Tags: issues, Key Points, Keys to Drafting Stock Pledge Agreements
Posted on 21 May 2009
Stock Exchange Agreements effectuate an exchange of stocks between two separate entities. These agreements typically contain, at the very minimum provisions addressing the terms of the stock exchange, the specific representations and warranties of both the seller and purchaser, and miscellaneous subjects such as arbitration, modification, waiver, severability, notices, and attorney’s fees. Here [...]
Popularity: 6% [?]
Tags: breakdown, guidelines, Key Points, Stock Exchange Agreement, terms
Posted on 20 May 2009
A Shareholder Waiver Agreement is a legal contract by and between a publicly traded corporation, on the one hand, and one or more of its shareholders, on the other. While the subject matter of a shareholder waiver agreement will vary tremendously. But the structure of each shareholder waiver agreement will remain for the [...]
Popularity: 5% [?]
Tags: Shareholder Waiver Agreements, structure
Posted on 19 May 2009
A Servicing Rights Purchase Agreement, which is generally used in the mortgage servicing context, is a written agreement transferring the right to service a mortgage and collect a fee from one party to another. Mortgage Servicing is when one party works to keep a mortgage loan current by collecting monthly payments, forwarding principal and interest [...]
Popularity: 5% [?]
Tags: Mortgage, Servicing Rights Purchase Agreements
Posted on 18 May 2009
Redemption Agreements are sophisticated legal contracts formed by and between a company, on the one hand, and its investors, on the other hand. There are several critical components to any effective and legally sufficient redemption agreement.
1. Recitals. This section must introduce the characters, tell the story of the relationship between the parties, and [...]
Popularity: 5% [?]
Tags: address, issues, Key Points, Redemption Agreement
Posted on 15 May 2009
While a Recapitalization Agreement is an important and often used corporate contract, most executives might have trouble explaining what it is! In order to understand a recapitalization agreement, the following issues must be addressed.
1. Recapitalization: What is it? Recapitalization is a restructuring of a company’s mixture of equity and debt for [...]
Popularity: 5% [?]
Tags: issues, Key Points, Recapitalization Agreements
Posted on 29 April 2009
Performance Unit Award Agreements are legal documents that outline and define the terms and conditions for payments based on performance. Whenever a company wishes to grant an award of performance units to its employees under a specific plan, the company and its employees sign an agreement. The award of performance is often subject to certain [...]
Popularity: 6% [?]
Tags: overview, Performance Unit Award Agreement
Posted on 28 April 2009
Partnership Interest Pledge Agreements must be drafted and executed when two companies agree for one company to take a partnership interest in the other. These interests are taken for the purpose of securing a loan or mortgage. Naturally, there exist certain elements common to partnership interest pledge agreements.
Initially, the parties involved must be [...]
Popularity: 7% [?]
Tags: Partnership Interest Pledge Agreement, PIPA