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Term Sheets and Share Subscription Agreements
This article outlines the key clauses and potential pitfalls of creating a Share Subscription Agreement. Learn what to include in the Term Sheet and how to avoid common mistakes.
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What is a Share Subscription Agreement?
A share subscription agreement is a binding promise between a potential shareholder and a company. It outlines the number of shares issued, order and timing of funds advanced,along with common clauses such as conditions precedent, confidentiality, no-shop, and more.