Board Resolution to Negotiate a Specific Contract

{{company_name}}

{{company_address}}

Phone: {{phone}} | Email: {{email}} | Web: {{website}}

Board Resolution to Negotiate a Specific Contract

Board Resolution to Negotiate a Specific Contract

{{company_name}}

{{company_address}}

{{phone}} | {{email}} | {{website}}

BOARD RESOLUTION TO NEGOTIATE A SPECIFIC CONTRACT

DATE: {{date}}

ATTENDEES: The following directors were present at the meeting:

{{list_of_attendees}}

A duly convened meeting of the Board of Directors of {{company_name}} (the “Company”) was held on the above date, at which a quorum was present and acting throughout.

The Board considered the proposed negotiation of a contract with {{counterparty_name}} regarding {{contract_purpose}}.

WHEREAS

The Company is contemplating entering into a contractual agreement with {{counterparty_name}} (the “Counterparty”) for the {{brief_description_of_contract_subject_matter}}.

The Board acknowledges the potential strategic importance of this engagement to the Company's business objectives.

It is deemed necessary and appropriate by the Board to authorize specific individuals to negotiate the terms and conditions of such a contract on behalf of the Company.

RESOLVED, THAT

Subject to the terms and conditions set forth herein, {{negotiator_name_1}} and {{negotiator_name_2}} (collectively, the “Authorized Negotiators”) are hereby authorized and empowered, acting jointly or severally, to negotiate the terms and conditions of a contract with {{counterparty_name}} for the {{contract_purpose}} (the “Proposed Contract”).

The Authorized Negotiators shall exert their best efforts to secure terms and conditions that are favourable to the Company.

The Authorized Negotiators shall not enter into any binding agreement without further express written approval from the Board of Directors.

FURTHER RESOLVED, THAT

The Authorized Negotiators shall provide regular updates to the Board on the progress of negotiations, at intervals deemed appropriate by the Board or upon significant developments.

The Board reserves the right to withdraw or modify this authorization at any time.

All documents, discussions, and information related to these negotiations shall be kept confidential unless otherwise required by law or approved by the Board.

CERTIFICATION

I, the undersigned, Secretary of {{company_name}}, do hereby certify that the foregoing is a true and accurate copy of a resolution duly adopted by the Board of Directors of {{company_name}} at a meeting held on {{date}} and that such resolution has not been modified, rescinded, or revoked and is in full force and effect.

Signature

___________________________

{{secretary_name}}

Company Secretary

{{company_name}}