Overview of a Contract Notes
What is a Contract Notes?
Contract Notes (comprising a bought note and a sold note) are documents necessary for transferring the beneficial title of shares.
It is important to check stamping requirements and procedures under the relevant jurisdiction relating to Contract Notes.
Stamping procedures may require Contract Notes to be executed offline (i.e. e-signature is not accepted).
Key points included
- Identity (name and address) of the transferor, transferee, and the subject company, the shares of which are being transferred;
- Details of the shares being transferred; and
- Purchase price for the transfer.