Accession Deed: Definition, Terms, Example
Jump to Section
What is an Accession Deed?
An accession deed is a document that transfers ownership of an entire parcel of land to another person. It can also transfer property from one entity (such as a corporation) to another (for example, from the corporation's president to the company itself).
An accession deed is often used in business transactions such as mergers and acquisitions. If a business considers adding more property or assets to its existing holdings, it may be worth investigating what type of legal agreement will work best and how much money will need to change hands.
Common Sections in Accession Deeds
Below is a list of common sections included in Accession Deeds. These sections are linked to the below sample agreement for you to explore.
Accession Deed Sample
Exhibit 4.5
FORM OF DEED OF ACCESSION
THIS DEED OF ACCESSION (this “Deed”) is made as of the [6th] day of [November], 2010.
BETWEEN:
| (1) | Newsummit Biopharma Holdings Limited, an exempted company incorporated and existing under the laws of Cayman Islands (the “Company”); and |
| (2) | PanAsia Strategy Investment Co., Ltd. (the “New Investor”), a company incorporated and existing under the laws of British Virgin Islands. |
RECITALS:
| (A) | The New Investor, the Company and certain other parties thereto have entered into a Series A Preferred Share Purchase Agreement (the “Share Purchase Agreement”) dated even date herewith, whereby the Company agreed to issue, and the New Investor agreed to subscribe, up to 202,963 Series A Preferred Share of the Company (the “Purchased Shares”) at the purchase price of US$9,854 per Purchased Share; |
| (B) | The Company and certain parties thereto have entered into a Shareholders Agreement (the “Shareholders Agreement”) dated July 23, 2010, which sets out the terms governing the shareholders’ relationship with respect to the Company; |
| (C) | It is a condition to the Closing under the Share Purchase Agreement that the New Investor shall execute and deliver to the Company this Deed of Accession and shall thereby agree to be bound by and be subject to the terms and conditions of the Shareholders Agreement pursuant to this Deed; and |
| (D) | The Company is entering into this Deed on behalf of itself and on behalf of the other Parties to the Shareholders Agreement (other than the New Investor). |
NOW THIS AGREEMENT WITNESSES as follows:
| 1. | Interpretation. In this Agreement, capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Shareholders Agreement. |
| 2. | Covenant. The New Investor hereby covenants to the Company, with respect to itself and as agent for all other persons who are at present or who may hereafter become bound by the Shareholders Agreement, to adhere to and be bound by and subject to all the duties, burdens and obligations of an Investor imposed pursuant to the provisions of the Shareholders Agreement and all documents expressed in writing to be supplemental or ancillary thereto as if the New Investor had been an original party to the Shareholders Agreement. |
| 3. | Enforceability. Each Investor and the Company shall be entitled to enforce the Shareholders Agreement against the New Investor. The New Investor shall be entitled to all rights and benefits of the Investors under the Shareholders Agreement and the Articles in each case as if the New Investor had been an original party to the Shareholders Agreement. |
| 4. | Notice. Any notice required or permitted by the Shareholders Agreement shall be given to the New Investor at the address listed beside the New Investor’s signature below. |
IN WITNESS WHEREOF, this Deed has been executed on the date first above written.
| Newsummit Biopharma Holdings Limited | ||||
| For and on behalf of NEWSUMMIT BIOPHARMA HOLDINGS LIMITED | ||||
| By: | /s/ Ren Jun | |||
| Authorized Signature(s) | ||||
| Name: Ren Jun | ||||
| Title: Director | ||||
| PanAsia Strategy Investment Co., Ltd. | ||||
| For and on behalf of | ||||
| PanAsia Strategy Investment Co., Ltd. | ||||
| By: | /s/ Zhang Qiong | |||
| Authorized Signature(s) | ||||
| Name: Zhang Qiong | ||||
| Title: Director | ||||
| Address: |
Bldg. No. 3, 2558 Yan An Road (W) Shanghai 201103 China | |||
| Fax: | ||||
Reference:
Security Exchange Commission - Edgar Database, EX-4.5 4 d213559dex45.htm DEED OF ACCESSION DATED NOVEMBER 6, 2010, Viewed December 20, 2021, View Source on SEC.
Who Helps With Accession Deeds?
Lawyers with backgrounds working on accession deeds work with clients to help. Do you need help with an accession deed?
Post a project in ContractsCounsel's marketplace to get free bids from lawyers to draft, review, or negotiate accession deeds. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Meet some of our Accession Deed Lawyers
Robert Jay H.
Robert Jay H.
My Legal career has focused on representing businesses (corporations and limited liability companies) as general outside counsel. In this capacity, I have drafted a broad range of legal documents as well as analyzed proposed agreements drafted by the other party's attorney to the agreement for the purpose of determining the risks to which my client would be exposed. I maintained the client's minute book if no one in-house was available for that task. Additionally, if requested, I served as a general advisor to the client's executive offers and to its Board of Directors.
"We - a European medtech startup - highly recommend Robert. Very nice communication style, great knowhow and really going the extra mile to help us with professional legal advice entering the US market."
Linda M.
I am a seasoned corporate transactional attorney with over 20 years of combined outside and inside General Counsel experience. My experience includes helping companies of all sizes, including start-ups with general corporate matters and commercial transactions.
"Linda did a great job! She was very prompt with responses, Kind, informative and was true to her word on budget and time of completion. Definitely will use her again."
Keidi C.
Keidi S. Carrington brings a wealth of legal knowledge and business experience in the financial services area with a particular focus on investment management. She is a former securities examiner at the United States Securities & Exchange Commission (SEC) and Associate Counsel at State Street Bank & Trust and has consulted for various investment houses and private investment entities. Her work has included developing a mutual fund that invested in equity securities of listed real estate investment trusts (REITs) and other listed real estate companies; establishing private equity and hedge funds that help clients raise capital by preparing offering materials, negotiating with prospective investors, preparing partnership and LLC operating agreements and advising on and documenting management arrangements; advising on the establishment of Initial Coin Offerings (ICOs/Token Offerings) and counseling SEC registered and state investment advisers regarding organizational structure and compliance. Ms. Carrington is a graduate of Johns Hopkins University with a B.A. in International Relations. She earned her Juris Doctorate from New England Law | Boston and her LL.M. in Banking and Financial Law from Boston University School of Law. She is admitted to practice in Massachusetts and New York. Currently, her practice focuses on assisting investors, start-ups, small and mid-size businesses with their legal needs in the areas of corporate and securities law.
"Received very meaningful advice and I hope to work with you in the future."
Namrita N.
Retired Dentist transitioned to Law, with a special interest in Commercial Real Estate, Startup businesses, Asset Purchase Agreements, and Employment Contracts. I love to help dentists and physicians with legal issues pertaining to licensing, credentialing, employment, and general business-legal questions.
"Dr Notani is a top lawyer. We very much appreciate her attentiveness and expertise."
T. Phillip B.
Attorney creating plans and strategies to help individuals create, build, protect and pass on wealth.
"Very knowledgeable, helpful and responsive, does comprehensive work on short notice. I would recommend and work with again."
August 5, 2021
Simon C.
Corporate counsel with years of in-house experience working with and reporting to board / executive-level and upper management, along with extensive regional / national law firm background in commercial transactions and contracts, complex commercial litigation, and employment matters. Skilled at executing corporate priorities, driving profitability by implementing goal-oriented processes to achieve revenue and productivity targets, and managing company litigation and outside counsel. Recognized for creating policies and practices to address ethical dilemmas and resolving misconduct.
Jim S.
Jim Slattery most recently served as General Counsel at Regional News Network, a large owner of broadcast television stations. Jim is an experienced attorney with broad-based expertise. He is a seasoned negotiator who has been involved in negotiations as complex as the Olympic Games. Jim spent 18 years as Vice President for Business and Legal Affairs at NBCUniversal. Previously, Jim worked in the media industry in various roles at All American Television. Jim’s success can be attributed to his ability to properly analyze data, manage projects, lead teams, develop creative solutions for complex problems, focus on strategically optimizing assets, manage/allocate risk and collaborate with divergent constituent groups to achieve objectives. Jim received a J.D. and a B.B.A. from the University of Notre Dame.
Find the best lawyer for your project
Browse Lawyers Now
Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
View Trustpilot ReviewHow It Works
Corporate lawyers by top cities
- Austin Corporate Lawyers
- Boston Corporate Lawyers
- Chicago Corporate Lawyers
- Dallas Corporate Lawyers
- Denver Corporate Lawyers
- Houston Corporate Lawyers
- Los Angeles Corporate Lawyers
- New York Corporate Lawyers
- Phoenix Corporate Lawyers
- San Diego Corporate Lawyers
- Tampa Corporate Lawyers
Accession Deed lawyers by city
- Austin Accession Deed Lawyers
- Boston Accession Deed Lawyers
- Chicago Accession Deed Lawyers
- Dallas Accession Deed Lawyers
- Denver Accession Deed Lawyers
- Houston Accession Deed Lawyers
- Los Angeles Accession Deed Lawyers
- New York Accession Deed Lawyers
- Phoenix Accession Deed Lawyers
- San Diego Accession Deed Lawyers
- Tampa Accession Deed Lawyers
Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.
View Trustpilot Review
I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.
View Trustpilot Review
I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.
View Trustpilot Review