Board Resolution to Terminate a Contract

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

BOARD RESOLUTION TO TERMINATE A CONTRACT

**RESOLUTION NO: {{resolution_number}}**

**DATE: {{date}}**

BACKGROUND

WHEREAS, the Board of Directors (the "Board") of {{company_name}} (the "Company") entered into a contract with {{other_party_name}} (the "Contracting Party") on {{contract_start_date}} for {{contract_purpose}} (the "Contract").

WHEREAS, the Board has reviewed the terms and conditions of the Contract and has determined that it is in the best interest of the Company to terminate the Contract for {{reason_for_termination}}.

RESOLUTION

BE IT RESOLVED that the Contract between {{company_name}} and {{other_party_name}}, signed on {{contract_start_date}}, be and is hereby terminated with effect from {{termination_effective_date}}.

BE IT FURTHER RESOLVED that {{authorized_officer_name}} ({{authorized_officer_title}}) is hereby authorized and directed to take all necessary steps to effectuate the termination of the Contract, including but not limited to, sending formal notice of termination to {{other_party_name}} and negotiating any necessary settlement or release agreements.

BE IT FURTHER RESOLVED that all actions previously taken by any officer or director of the Company in connection with the matters contemplated by this resolution are hereby ratified and approved.

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 the Company at a meeting held on {{meeting_date}}, at which a quorum was present and voting, and that such resolution has not been modified or rescinded and is in full force and effect.

Signed by:

___________________________

{{secretary_name}}

Company Secretary

Date: {{signature_date}}

Attested by:

___________________________

{{board_chair_name}}

Chairman of the Board

Date: {{attestation_date}}