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Board resolution: accept business offer made by an organisation

Board Resolution for Acceptance of Business Offer of an OrganisationThis is a template of a board resolution in case a company wants to accept the offer of an organisation in relation to any business deal - which can be supply of materials, providing of certain services, etc.


SAMPLE #1

#. To accept the services offer made by ABC & Co, Law Firm, Los Angeles

“RESOLVED THAT the consent of the Board of Directors be and is hereby accorded to accept the offer made by ABC & Co, Law Firm, Los Angeles for rendering their legal consultancy services to the company on a retainer basis for USD 50,000 per month excluding any other out of pocket expenses and costs relating specific to each case.

RESOLVED FURTHER THAT Mr. X. Man, CEO, be and is hereby authorised to signify in writing the Company's acceptance of said offer to ABC & Co, Law Firms, Los Angeles and do all such acts, deeds and things as may be necessary to give effect to this resolution.”



SAMPLE #2

#. To accept the business offer made by (name of the organisation)

“RESOLVED THAT the company do accept the offer made by (name of the organisation) for supply of ........... type of raw materials/ goods from time to time as per the order placed with them at a price of (amount) per ton excluding gst as per the terms and conditions agreed between the parties under the draft Supply Agreement placed before the meeting.

FURTHER RESOLVED THAT Mr. ................, CEO & Managing Director and Ms. ........................., General Manager - Commercial be and is hereby severally authorised to sign the agreement with (name of the organisation) and any other documents incidental thereto, negotiate the terms and make such amendments in the terms and conditions of the agreement as may be necessary in the interest of company and as decided between the parties and to do all such acts, deeds and things as may be necessary to give effect to this resolution.”

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