Board Resolution for Approval of Contracts or Agreements

Name: Board Resolution for Approval of Contracts or Agreements
Brand: SheriaPlex
SKU: DOC-983
Price: 150 KES
Availability: InStock

Document Type

DOCX

Pages

Price: KES 150

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Document Overview

A Board Resolution for Approval of Contracts or Agreements is a formal decision made by a company’s Board of Directors to authorize the company to enter into a legally binding contract with another party.

Key Components:
1. Heading & Company Information
2. Attendance Record
3. Preamble ("Whereas" Clauses)
4. Resolutions Passed
5. Signatures

Purpose of the Resolution
The main purposes are to:
1. Provide legal authority to the company to enter into the agreement
2. Ensure due diligence by the board before contract commitment
3. Document board approval for transparency and record-keeping
4. Identify the signatory officer legally allowed to bind the company
5. Demonstrate compliance with company policy, the Companies Act (2015, Kenya) or Articles of Association
6. Protect directors and the company in case of legal or financial disputes

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Board Resolution for Approval of Contracts or Agreements

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