Subscriptio: A term derived from ancient Rome denoting the act of affixing one’s signature at the bottom of a significant document as a testament to its authenticity. Occasionally, when drafting a will, additional signatures from influential individuals are required to ensure its legal validity. The plural form of this term is subscriptiones.
The term “subscriptio” is derived from Latin and is commonly used in Roman law. It denotes a signature, typically a name written at the bottom of a document, to indicate its authenticity. In certain instances, a subscriptio is also necessary for a will, in addition to the seals of witnesses. Including a subscriptio when signing a contract is crucial to demonstrate agreement with the terms. Similarly, for a will to be considered valid, a subscriptio is often required, meaning the person creating the will must sign it along with witnesses. These examples highlight the role of subscriptio in verifying important legal documents, ensuring their genuineness and confirming the signer’s agreement to the contents.
A subscription agreement is a legally binding contract between a company and an investor, outlining the terms and conditions of the investor’s purchase of shares or units in the company.
Some key provisions in a subscription agreement include the number of shares or units being purchased, the purchase price, any restrictions on transferability, representations and warranties of the investor, and the rights and obligations of both parties.
Yes, a subscription agreement can be terminated or canceled if both parties agree to do so. However, it is important to review the specific terms and conditions outlined in the agreement to understand the process and any potential consequences.
If an investor fails to fulfill their obligations under a subscription agreement, the company may have the right to take legal action, such as seeking damages or specific performance. The specific remedies available will depend on the terms of the agreement and applicable laws.
Yes, a subscription agreement can be amended or modified if both parties agree to the changes. It is important to document any amendments or modifications in writing and ensure that all parties involved are in agreement.
Yes, subscription agreements are legally binding contracts. Both parties are obligated to fulfill their respective obligations as outlined in the agreement, and failure to do so may result in legal consequences.
In most cases, a subscription agreement cannot be transferred to another party without the consent of all parties involved. However, the specific transferability provisions will depend on the terms of the agreement.
Investors in a subscription agreement may face risks such as the company’s failure to meet its financial projections, dilution of ownership due to future issuances of shares, or the company’s inability to generate profits. It is important for investors to conduct thorough due diligence before entering into such agreements.
Yes, if one party breaches the terms of a subscription agreement, the other party may seek legal remedies to enforce the agreement. This may include seeking damages, specific performance, or other appropriate relief.
The legal requirements and regulations governing subscription agreements may vary depending on the jurisdiction and the type of securities being offered. It is important to consult with legal counsel to ensure compliance with applicable laws and regulations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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