Board Resolutions: Approving a Significant Commercial Contract | Practical Law
Resolutions of the board of directors approving a major commercial contract and its related documents and agreements. These resolutions are drafted generically and can be adapted to many different types of commercial agreements, including supply agreements, services agreements, manufacturing agreements, and outsourcing agreements. These resolutions are drafted as a standard clause and should be inserted into board minutes or a form of unanimous written consent. This Standard Clause has integrated notes with important explanations and drafting tips.