Q&As

How can a person who holds shares in a private limited company contractually agree terms with a third party which provide for the transfer of such shares for no consideration upon the earlier to occur of: (a) the passage of a specified period of time; and (b) that person’s death?

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Published by a ½Û×ÓÊÓƵ Private Client expert
Published on: 21 September 2018
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Share transfer mechanisms

Is it possible for a person who holds Shares in a private Limited company to agree by contractual arrangement terms providing for the transfer of such shares for no consideration upon the earlier to occur of (a) the passage of a specified period of time and (b) that person’s death?

You may wish to consider the following Precedents and their associated drafting notes as a possible means of achieving the aims set out in the Q&A:

  1. •

    Call option agreement—this document can be used by a company’s shareholder to grant an option to purchase shares in the capital of the company, to be exercised by the proposed transferee of the shares, ie a right the shareholder transferor gives to the proposed transferee of the shares to purchase the shares held

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United Kingdom
Key definition:
OL definition
What does OL mean?

Organisational Learning

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