PandaTip: Add the fees here. If the shares are transferred as a gift, then you should list $10 as a cost. This is because, in many states and countries, a contract requires some prejudice or loss on behalf of both parties (even if it is a nominal amount). 5.12 This share transfer agreement may be carried out in more than one language between the parties and, in the event of a conflict between the various translations of this share transfer agreement, the English version prevails. PandaTip: PANDATIP: Use the materials table at the top of this money transfer model to quickly move to certain sections of the model. 7. THE COMMUNICATIONS OF NOTICES TRANSMITTED IN THE PRESENT CONVENTION OF TRANSFERT OF ACTIONS MUST BE SIGNIFIED BY ÉCRIT AND TRANSMITTED ONLY IF they are personally transmitted by one party to another party or delivered to the delivery address of the party concerned. Communications can only be sent and distributed in English. 5.8 Each party ensures that it does not take any action that could affect, obstruct or affect the obligations of the other party set out in this share transfer agreement.
PandaTip: This schedule should include all shares or shares transferred as part of this share transfer agreement. When shares or shares are transferred to more than one company, they should have their own line in a table such as the one below. They should present the transferred actions in the most detailed way possible. Try to include the class of shares, the face value of the shares and their payment. Below are a few examples: 5.15 This share transfer agreement binds the two parties because of the conduct of both parties and despite a defect or error in the formality of their execution for both parties. This money transfer agreement is entered into by [Agreement.CreatedDate] of and between [Sender.Name], the supplier and [Client.Name] the customer. 5.6 The rights, benefits, commitments and responsibilities contained in the terms of this share transfer agreement may be transferred by any contracting party with the prior written agreement of the other party. CONSIDERING that the customer wishes to use the provider`s money transfer services to transfer allocation funds electronically, and the provider wishes to provide such services as part of this money transfer agreement, this share transfer agreement (the “agreement”) defines the conditions under which [TRANSFEROR NAME] (the “Transferor”) is a company duly registered in accordance with the laws of [STATE] with the registered number [REGISTERed NUMBER] , transfers certain shares it holds to [TRANSFEREE NAME] (the “Transferee”), a company duly registered in accordance with the law [STATE] with the registered number [REGISTERED NUMBER] and having its address registered with [REGISTERED ADDRESS] (together the “parties”).
5.13 In the event that a clause (or part of a clause) is found to be unlawful or invalidated by a competent court or other legal authority, this has only the effect of nullity and absence of that clause (or part of a clause) and will not invalidate that share transfer contract entirely. PandaTip: Use the text fields in this section of the money transfer contract model to list customer contact information. 5.7 Any delay or non-application of the terms of this share transfer agreement and any delay in the event of a violation of its clause by a party does not constitute a waiver of those rights. 4. RESULTS OF THE FORMALITÉ IT is agreed that if the planned transfer of shares will not be effective due to a lack of formalities (including, but not only the incorrect registration of the transfer in the company`s registers or following a refusal by the directors of the company whose shares are transferred), the transfer of all economic shares of the shares by the creation of a trust in favour of the beneficiary in which the shares form the subject, and the assignor is the agent.