If you are a private investor in a business, you are known as a subscriber. A subscription contract is a promise of the company to sell a number of shares to an investor at a specified price and an agreement from the investor to pay that price. If you own a company and have promised to sell a certain amount of shares to an investor at a certain price, you should nail the details with a subscription contract. 3.1 Refusal: The company may choose not to accept the subscriber`s subscription at any time before closing. If the company does not accept all or part of the subscription, the company will refund all of the money to the subscriber in connection with the refusal. As part of the services, the LLC training tracker provides you with the use of the service, including a browser interface, transfer, access and storage. Your registration or use of the Service represents your consent to the terms and conditions of this Agreement, the materials available on the training tracking software, and The Safety and Data Protection Policy of Training Tracker LLC (the “Contract”). At the end of this agreement, the reference is a “Definitions” section. 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. The assurances and guarantees provided in this Agreement are accurate and true at the time of this Contract and will continue to be correct and true from the date of payment of the Subscriber to the Company, after acceptance of the subscription of the Subscriber by the Company. 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. 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. 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. A subscription contract refers to the private offer memorandum and ensures that the investor has read, understands and recognizes everything.