Transfer shares (assignment)
Meyerlustenberger Lachenal AG
This template is to be used to document the transfer of shares of a Swiss corporation (Aktiengesellschaft) by way of an assignment. The template is drafted in English. Please note that templates in German and French are also available on PartnerVine.
Please note that in addition to an assignment, further acts and/or documents are required for a legally valid transfer of shares. In general, the requirements for the transfer of shares can be summarized as follows:
• Valid underlying transaction (e.g. purchase agreement).
• Bearer shares (Inhaberaktien): Handover of the share certificate representing the shares, or, if no share certificate has been issued, a written assignment in the form of this template.
• Registered shares (Namenaktien): Handover of the share certificate representing the shares, or, if no share certificate has been issued, a written assignment in the form of this template. If a share certificate has been issued, an endorsement is required, i.e. a written declaration of the transferor, usually on the backside of the share certificate. Such endorsement, however, can also be replaced by an assignment in the form of this template. Further, the transferee must be registered as a shareholder in the share register, and, if the shares are subject to restricted transferability (Vinkulierung), the share transfer needs to be approved by the board of directors of the company.
Terms which are configurable to the user’s needs include:
• Details of the assignee;
• Details of the assignor;
• Details of the share(s) to be transferred; and
• Details on the effectiveness of the transfer.
Circumstances of Use
This template is to be used to document the transfer of shares of a Swiss corporation (Aktiengesellschaft) by way of an assignment.
The purchase of this product is subject to the Supplier Terms as stated hereafter. The following Supplier Terms apply to any sale of legal documents where Meyerlustenberger Lachenal AG (mll) is the seller and your contract partner. PartnerVine is not your contractual counterparty and you have no recourse to PartnerVine in respect of such purchases. Please consider, however, that the use of and access to the PartnerVine Platform by you is and remains governed by Part I, II and IV of the Terms & Conditions for the PartnerVine Platform.
With respect to the sale of legal documents by mll to you the provisions as set out in Part III, Section 1, 2, 3 and 5 as well as Part IV, Section 1.2 of the Terms & Conditions for the PartnerVine Platform shall also apply to such purchases and are therefore incorporated in these Supplier Terms by reference. The provisions regarding the Use Rights / Use Restrictions as set out in Part III, Section 4 of the Terms & Conditions for the PartnerVine Platform are modified by these Supplier Terms in the following way: The first paragraph is not modified. The second, third, fourth and fifth paragraph are replaced by the following provisions:
• Users are permitted to access the document-generation interview for 90 days from the date of purchase.
• Users are entitled to export and download an unlimited number of copies of the document(s) in Word format.
• In case a legal entity has registered as a user, the document copies may be used by the employees of the legal entity and branches of the legal entity. However, the use rights of legal entities are not extended to any other company of a group of companies. Such other companies must obtain license rights on their own.
• Users are granted a simple, non-exclusive, non-sub-licensable and non-transferable right of use for the ordered legal documents during the contract term (as set out in Part IV, Section 1.2 of the Terms & Conditions of the PartnerVine Platform). The right of use entitles users to download the legal documents for personal limited commercial uses, i.e. for concluding a business contract with another business partner. The users are, however, without the explicit consent of mll, not permitted to use the legal documents for unlimited commercial purposes, in particular, but not limited to the sub-license or transfer of the rights in the legal documents to any third party. Furthermore, the users are not permitted to sell or transfer in another form printed and digital copies of the legal documents to a third party in the sense of a resale.
Finally, Part IV, Section 7 of the Terms & Conditions for the PartnerVine Platform is modified with regard to contracts between you and mll as follows:
• These Supplier Terms and the contracts based on them are exclusively governed by Swiss law with the exclusion of the Vienna Sales Convention.
• The competent courts in Zurich, Switzerland, shall have the exclusive jurisdiction with respect to any dispute arising from or in connection with these Supplier Terms and the contracts between mll and you.
Data Privacy Information
Further the data may be collected and stored by the hosting platform of Exari Solutions (Europe) Limited, 20 St Dunstan’s Hill, London EC3R 8HL (Exari). Exari provides the software with which automated templates offered by mll are being created. Exari’s current hosting platform provider is Amazon Web Services which stores the data in Dublin, Ireland.
Exclusions and Limitations
This template is to be used to document the transfer of shares of a Swiss corporation (Aktiengesellschaft) by way of an assignment. The template is drafted in English.