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Pre-incorporation subscription.- A subscription for shares of stock of a corporation still to be formed shall be irrevocable for a period of at least six (6) months from the date of subscription, unless all of the other subscribers consent to the revocation, or unless the incorporation of said corporation fails to ...

A subscription agreement is a formal agreement between a company and an investor to buy shares of a company at an agreed-upon price. It contains all the details of such an agreement, including Outstanding Shares, Shares Ownership, and Payouts.

DOCTRINES Q: What is the Doctrine of Individuality of Subscription? A: A subscription is one entire and indivisible whole contract. It cannot be divided into portions.

There are various types of pre-incorporation contracts that can be made by a company ing to their need before incorporation, such as a lease agreement, employment agreement, founder's agreement, shareholder agreement, etc.

Pre incorporation subscriptions are pre-incorporation agreements that promoters are subject to and which state their duties and compensations. New corporations are often created by the efforts of promoters. These promoters may also have secured capitalization for the corporation by virtue of subscriptions.

Ratification of the pre-incorporated contracts The promoters can follow either of the methods stated below for such acceptance or ratification: 1. Accept the contracts by passing a contract acceptance resolution and the action of promoter for incorporating the company and related matters.