French Intellectual Property Code

In the case provided for in section 19, third paragraph, of the law of 29 November 1966, the price of the shares is determined, in the absence of agreement between the parties, in accordance with the provisions of the articles 1843-4 of the Civil Code and 17 du décret n° 78-704 du 3 juillet 1978. Where the transferring shareholder refuses to sign the deed transferring his shares at the price…

In the event of the death of a partner, the transfer period provided for in the second paragraph of l’article 24 of the law of 29 November 1966 is set at one year from the date of death. It may be renewed by agreement between the heirs of the deceased member and the company, given under the conditions provided for the transfer of shares by l’article 19, premier alinéa, de…

If the deed transferring the company shares is drawn up under private deed, as many originals as are necessary to provide each party with a copy and to comply with the provisions of article R. 422-28. In addition, one of the originals of the private deed, or a copy of the deed transferring the shares if it is in the form of a notarial deed, and any deed amending the…

When a partner intends to withdraw from the company, he shall notify the company of his decision by registered letter with acknowledgement of receipt. The company has six months from this notification to notify the partner, in the same form, of a plan to sell his shares to a partner or to a third party registered on the list of industrial property attorneys or meeting the conditions for registration on…

If a member has been struck off, pursuant to section 5 of this chapter, for a period of six months or more, he may be excluded from the company by a decision taken by a majority of the other members. The excluded member has a period of six months, from the date on which he is notified of this decision by registered letter with acknowledgement of receipt, to sell his…

The shares of a partner permanently struck off the national list of industrial property attorneys are transferred under the conditions determined in Article R. 422-33.

The number of partners may be increased during the existence of the company with or without an increase in the share capital.

Any partner who receives for valuable consideration or free of charge a right to present a clientele transferred by a third party is obliged to contribute the enjoyment of that right to the company, on condition that the company creates and delivers to the partner the new shares corresponding to this additional contribution.

If the reserves constituted by undistributed profits or capital gains due to the members’ industry so permit, the share capital is periodically increased. The shares created for this purpose are distributed among all the members, including those who have contributed only their industry. However, the Articles of Association may provide for the cases and conditions in which a member may be excluded from the allocation of shares newly created in…

The decision to extend the company must immediately be brought to the attention of the Director General of the Institut national de la propriété industrielle, accompanied either by a copy of the full minutes of the meeting, or by the deed from which the extension results, consisting of one of the originals if this deed is in private agreement, or of a copy if it has been drawn up in…