Underwriting Agreement between iPrint, Inc. regarding the Issue and Sale of Shares of Common Stock
About this form
The Underwriting Agreement between iPrint, Inc. regarding the issue and sale of shares of common stock is a crucial legal document used in securities offerings. This agreement outlines the terms under which underwriters will buy and sell the company's shares, providing a clear framework for the transaction. Unlike other forms that may address general sales agreements, this underwriting contract specifically pertains to the financial markets and the responsibilities of underwriters in the process.
Form components explained
- Introduction: Basic details about the offering, including the number of shares and the underwriters involved.
- Representations and Warranties: Statements made by the company, ensuring that legal and financial conditions are met.
- Purchase, Sale, and Delivery: Terms governing how and when shares are sold, including pricing and funding details.
- Agreements of the Company: Commitments by the company to file necessary documents and fulfill legal obligations.
- Indemnification and Contribution: Provisions outlining how both parties will handle potential liabilities arising from the agreement.
When this form is needed
This Underwriting Agreement should be used when a corporation like iPrint, Inc. plans to initiate a public offering of its common stock. It is particularly relevant during the transition to an initial public offering (IPO) or any subsequent offerings where underwriters are involved. Companies typically rely on this contract to clarify the roles of underwriters and protect against potential legal issues.
Who should use this form
- Companies planning to go public or raise additional capital through the sale of stock.
- Corporate finance teams and legal counsel involved in preparing for the public offering of shares.
- Investment banks and financial institutions acting as underwriters for the stock sale.
How to prepare this document
- Identify the parties involved, including the company and the underwriters.
- Specify the number of shares being offered and their par value.
- Include the effective date of the agreement and terms of sale.
- Ensure required legal representations and warranties are stated accurately.
- Review all obligations of the company regarding disclosures and compliance with securities laws.
Notarization requirements for this form
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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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.
Common mistakes
- Failing to disclose all necessary financial information, which may lead to legal liabilities.
- Inaccurate representation of stock details, such as the wrong number of shares.
- Neglecting to follow state-specific regulations which can result in compliance issues.
Benefits of using this form online
- Convenience of downloading and editing the form to meet specific business needs.
- Access to attorney-drafted templates that ensure compliance and legal soundness.
- Time-efficient process for completing and submitting necessary documentation for public offerings.
Legal use & context
This agreement is essential for ensuring that both the company and underwriters are legally protected in the process of issuing and selling securities. It preserves the rights and obligations of each party while outlining compliance with relevant financial regulations.
What to keep in mind
- The Underwriting Agreement is a critical document in the public offering process, detailing the sale of corporate shares.
- Accurate and complete representations are necessary to mitigate legal risks associated with securities sales.
- Understanding the obligations within the agreement helps ensure successful collaboration between companies and underwriters.
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FAQ
For example, an underwriter for a health insurance company will review medical details, while a loan underwriter will assess factors like credit history. An underwriter's job is complex. They have to determine an acceptable level of risk and what's eligible for approval based on their risk assessment.
The most common type of loan underwriting that involves a human underwriter is for mortgages. This is also the type of loan underwriting that most people encounter. The underwriter assesses income, liabilities (debt), savings, credit history, credit score, and more depending on an individual's financial circumstances.
Underwriters are responsible for deciding whether or not to accept applications for insurance cover this is known as 'risk'.The underwriter must ensure that accurate quotes are produced that are competitive to the customer, yet profitable for the company.
Underwriting is the process through which an individual or institution takes on financial risk for a fee.The term underwriter originated from the practice of having each risk-taker write their name under the total amount of risk they were willing to accept for a specified premium.
The most common type of loan underwriting that involves a human underwriter is for mortgages. This is also the type of loan underwriting that most people encounter. The underwriter assesses income, liabilities (debt), savings, credit history, credit score, and more depending on an individual's financial circumstances.
Key Takeaways. An underwriter is any party that evaluates and assumes another party's risk for a fee. Underwriters play a critical in many industries in the financial world, including the mortgage industry, insurance industry, equity markets, and some common types of debt security trading.
In the securities market, underwriting involves determining the risk and price of a particular security. It is a process seen most commonly during initial public offerings, wherein investment banks first buy or underwrite the securities of the issuing entity and then sell them in the market.
Underwriting commission is the compensation that an underwriter receives for placing a new issue with investors. It is the fee which an investment banker charges for underwriting a security issue.Underwriting commission is also called a concession.
An underwriting agreement is a contract between a group of investment bankers who form an underwriting group or syndicate and the issuing corporation of a new securities issue.The underwriting agreement is also called an underwriting contract.