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: {{phone}} Email: {{email}} Website: {{website}}

BOARD RESOLUTION TO NEGOTIATE A SPECIFIC CONTRACT

DATE: {{date}}

COMPANY REGISTRATION NUMBER: {{company_registration_number}}

PHYSICAL ADDRESS: {{company_address}}

Preamble

WHEREAS, the Board of Directors (hereinafter referred to as 'the Board') of {{company_name}} (hereinafter referred to as 'the Company') deems it to be in the best interest of the Company to enter into negotiations for a contract with {{third_party_company_name}} (hereinafter referred to as 'the Third Party') for the {{nature_of_contract_briefly_e.g._provision_of_services}},

Resolution

IT IS HEREBY RESOLVED, by the Board of Directors of {{company_name}}, that:

1. The Company shall enter into negotiations with {{third_party_company_name}} for the purpose of concluding a contract regarding {{detailed_purpose_of_contract}}.

2. {{negotiator_name_1}} (ID Number: {{negotiator_id_1}}) and {{negotiator_name_2}} (ID Number: {{negotiator_id_2}}) are hereby authorized to represent the Company in these negotiations.

3. The authorized negotiators are empowered to discuss, negotiate, and agree upon terms and conditions, provided that any final agreement is subject to review and approval by the Board.

4. The scope of negotiation shall include, but not be limited to, {{key_negotiation_points_e.g._pricing_terms_delivery_schedules_service_levels}}, with the objective of securing an agreement that is mutually beneficial and aligns with the Company's strategic objectives.

5. The negotiators shall provide regular updates to the Board on the progress of the negotiations.

6. This resolution takes effect from the date first written above and remains valid until {{expiry_date_of_resolution_if_any}} or until further resolution by the Board.

Certification

We, the undersigned, being all the Directors of {{company_name}}, hereby certify that the above resolution was duly passed at a meeting of the Board of Directors held on {{date_of_board_meeting}}.

Signatures

___________________________

{{director_name_1}}

Director

Date: {{date}}

___________________________

{{director_name_2}}

Director

Date: {{date}}

___________________________

{{director_name_3}}

Director

Date: {{date}}