Underwriting Agreement between Internet.Com Corp. and Internet World Media, Inc. regarding the sale and purchase of shares of common stock
Overview of this form
This Underwriting Agreement is a legal document between Internet.Com Corporation and Internet World Media, Inc. detailing the sale and purchase of shares of common stock. It outlines the roles and responsibilities of the parties involved, primarily focusing on how shares will be issued, sold, and managed by underwriters. This form is crucial for anyone dealing with public offerings of stock and ensures compliance with securities regulations.
Main sections of this form
- Identification of parties: Specifies the parties involved, including the issuing company and selling security holder.
- Details of stock: Includes the total number of shares being sold, their par value, and related options.
- Registration statement: Clarifies the filing of necessary documents with the Securities and Exchange Commission.
- Warranties: Outlines the representations and warranties made by the company and the selling security holder.
- Indemnification: Details the responsibilities for indemnification between the parties and underwriters.
- Conditions for closing: Specifies the conditions that must be met before the sale is finalized.
When to use this document
This form is required when a corporation plans to issue shares of common stock to the public through underwriters. It is appropriate in scenarios such as initial public offerings (IPOs) or secondary offerings where existing shareholders wish to sell their shares to new investors. Companies must ensure all legal and regulatory standards are met before proceeding with the sale of shares, making this agreement essential for facilitating the transaction.
Who can use this document
- Corporations planning to issue shares to the public.
- Selling shareholders looking to sell their stock.
- Investment firms or underwriters involved in the offering process.
- Legal professionals assisting clients in the stock issuance process.
How to complete this form
- Identify the parties involved, clearly stating the names of the corporation and the selling security holder.
- Specify the details of the stock being sold, including total shares and par value.
- Complete the representation and warranty sections, ensuring all claims are accurate.
- Provide all necessary registration information required for the Securities and Exchange Commission.
- Secure signatures from all relevant parties to finalize the agreement.
Is notarization required?
Notarization is generally not required for this form. However, certain states or situations might demand it. You can complete notarization online through US Legal Forms, powered by Notarize, using a verified video call available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to include all required parties, leading to disputes over authority.
- Not accurately describing the shares involved, which can cause legal issues.
- Omitting necessary registration information or documentation.
- Neglecting to review or amend warranties and representations as needed.
Why complete this form online
- Convenience of immediate access and download without the need for physical visits.
- Editability allows for customization to fit specific needs and circumstances.
- Reliability of having a document drafted by licensed attorneys to meet legal standards.
Legal use & context
- This agreement is crucial for protecting the interests of all parties involved in the sale of shares.
- Enforceability depends on adherence to federal and state securities laws.
- Limitations may arise from specific agreements outlined within the underwriting contract.
Main things to remember
- The Underwriting Agreement facilitates the legal sale of shares to the public through underwriters.
- Accurate completion is critical to avoid legal complications and ensure compliance.
- This form is essential for corporations and shareholders aiming to navigate the complexities of stock sales successfully.
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FAQ
Name of company. Par value of shares. Name of purchaser. Warranties and representations made by the seller and purchaser. Possible employee issues such as benefits and bonuses. How many shares are being sold. Where and when the transaction takes place.
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