District of Columbia Subscription Agreement for an Advertising Cooperative

State:
Multi-State
Control #:
US-6-03-STP
Format:
Word; 
Rich Text
Instant download

Description

This agreement is to be made between various franchisees and a franchisor. The document states that the franchisees are in good standing with the franchisor and the franchisees believe it is in their best interest to contribute to a joint advertising effort. The franchisees agree to create, join, and contribute to a non-profit, non-stock corporation for the mutual benefit of all franchisees who own and operate "ABC" restaurants.
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FAQ

1.1 The Agreement provides for the sale of ________ [insert number and type of shares] to the Buyer by the Seller at a price of ______ [insert price per share], par value per share (the ?Shares?). 1.2 Purchase and Sale. The Seller agrees to sell and the Buyer agrees to buy the Shares. 1.3 Delivery of Shares.

Summary. A subscription agreement is a formal agreement between a company and an investor to buy shares of a company at an agreed-upon price. It contains all the details of such an agreement, including Outstanding Shares, Shares Ownership, and Payouts.

A company executes a Share subscription agreement (SSA) in case of a fresh issue of shares. A shareholders' agreement (SHA) is a contract that contains the rights and obligations of the shareholders in a company.

A subscription agreement is an investor's application to join a limited partnership (LP). It is also a two-way guarantee between a company and a new shareholder (subscriber).

Summary. A subscription agreement is a formal agreement between a company and an investor to buy shares of a company at an agreed-upon price. It contains all the details of such an agreement, including Outstanding Shares, Shares Ownership, and Payouts.

A limited partnership is when private investors or partners own the company. Under the subscription agreement, the terms are set for the company to sell a certain number of shares in return for a predetermined amount from the private investor.

A share purchase agreement differs from a share subscription agreement because a share purchase agreement has a seller that is not the business itself. In a subscription agreement, the business agrees to sell shares to a subscriber.

Subscription agreement vs shareholders agreement? A share subscription agreement is essentially an agreement for the purchase of shares from a company. In contrast, a shareholders agreement contains terms that govern the ongoing relationship between shareholders.

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District of Columbia Subscription Agreement for an Advertising Cooperative