Legal contract
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- Proposals: 4
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Description
Experience Level: Intermediate
General information for the business: Trading business
Industry: Business
Legal topic: Contract
Description of legal work: I need a 2 legal contracts in Microsoft Word.
-The first will be a contract between my companies in the UK and traders of my companies' accounts. The contract will state in legal language:
1) All new issue (primary and secondary) securities purchased by the traders must clear in accounts owned by my companies
2) Information on new issue (primary and secondary) securities must not be shared with other buyers, who do not compensate Windsor for their trades
3) Traders must disclose all securities accounts, in which the trader has ownership or economic interest
4) Windsor is entitled to communicate with all counterparties of traders
5) Should Windsor discover that a trader has violated either of the first two provisions of this agreement, that trader will compensate Windsor twice the profits of trades in violation of this agreement
Extra notes:
-The second will be a contract between between my traders and brokers.
The traders place orders with brokers on new issue bonds and equities. We have a complaint against a number of brokers that they've taken bonds and equities from our orders if the securities appear likely to trade higher than the commission we're offering. We're also complaining that some brokers shorted us bonds on bad deals.
As an example on the shorting, suppose we order 5 mm bonds in a new deal at $100. The broker is allocated 2 mm. He sees bonds trading at $99 so sells us 4 mm at $100 and covers his short at $99.
We need a contract that prevents both of these practices and imposes a penalty of twice the lost profits (or losses in the case of shorting)
Industry: Business
Legal topic: Contract
Description of legal work: I need a 2 legal contracts in Microsoft Word.
-The first will be a contract between my companies in the UK and traders of my companies' accounts. The contract will state in legal language:
1) All new issue (primary and secondary) securities purchased by the traders must clear in accounts owned by my companies
2) Information on new issue (primary and secondary) securities must not be shared with other buyers, who do not compensate Windsor for their trades
3) Traders must disclose all securities accounts, in which the trader has ownership or economic interest
4) Windsor is entitled to communicate with all counterparties of traders
5) Should Windsor discover that a trader has violated either of the first two provisions of this agreement, that trader will compensate Windsor twice the profits of trades in violation of this agreement
Extra notes:
-The second will be a contract between between my traders and brokers.
The traders place orders with brokers on new issue bonds and equities. We have a complaint against a number of brokers that they've taken bonds and equities from our orders if the securities appear likely to trade higher than the commission we're offering. We're also complaining that some brokers shorted us bonds on bad deals.
As an example on the shorting, suppose we order 5 mm bonds in a new deal at $100. The broker is allocated 2 mm. He sees bonds trading at $99 so sells us 4 mm at $100 and covers his short at $99.
We need a contract that prevents both of these practices and imposes a penalty of twice the lost profits (or losses in the case of shorting)
Charles K.
87% (3)Projects Completed
3
Freelancers worked with
4
Projects awarded
27%
Last project
31 Jul 2015
United Kingdom
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