PandaTip: This is a subscription contract to a limited liability company or “LLC” in the United States. It contains provisions similar to those you can find in a subscription contract for a company`s shareholders, but there are some important differences. Both parties to this agreement intend that this subscription be made in accordance with the exceptions corresponding to prospectuses, registration and/or similar requirements of notices, rules, orders, laws and directives of all legal systems applicable to the agreement. What is a subscription contract? A subscription contract is a contract between a service provider and a subscriber that defines the exact details of the subscription, for example. B the duration of the subscription, the associated fees and the termination procedure. Download the Subscription Contract Model The submissions and guarantees provided in this Agreement are correct and are accurate at the time of this Contract and will continue to be correct and true from the date the Subscriber to the Company has been accepted by the Company. The subscriber wishes to subscribe [NUMBER] of shares (hereafter referred to as “shares”) of the company`s stock at the reference price of [DOLLAR AMOUNT] per share. The company wishes to issue the subscriber a member interest in the form of [NUMBER] of shares. A subscription contract contains the details of the purchase price for the sale of your company`s shares. It also includes the representation and guarantees that each party will make between them as part of the agreement.
(Learn more about subscription agreements.) 3.4 Irrevocable Subscription: The subscription is irrevocable to the subscriber, unless it is provided for by the applicable federal and regional securities laws. A subscription contract is a promise of a company to sell a certain number of shares to an investor at a specified price and the promise of an investor to pay that price. PandaTip: A subscription contract is what you use to get investor payments in exchange for your company`s equity. It was preceded by a private offer memorandum containing the document containing specific details on the amount of equity you offer and the price tag of that equity, in addition to business information, a list of risks and a series of liability exclusions.