When two companies enter into a mutual understanding between them where one of the organizations decide to restructure its capital structure and transfer some of its debt and shares to another organization in order to reduce its debts, a legal document is drafted between both the parties which is known as a restructuring, transfer and separation agreement.
It is also a process of transferring the business of the restructuring organization to the other organization in order to action the liability. The information of all the business activities that were conducted by the restructuring organization is also transferred along with the assets.
The details usually mentioned in a restructuring, transfer and separation agreement are as follows:
- The effective date of agreement
- The role of the underwriters in the whole process
- The details of all the information to be transferred
- The percentage of assets and liabilities to be transferred
Sample for Restructuring Transfer and Separation Agreement
A sample of the agreement can be downloaded from below.
Restructuring, Transfer and Separation Agreement
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