DETERMINED that the Board of Directors has the authority and authority to empower and empower the next person, on behalf of the Company, to authorize the performance, confirmation and delivery, but is not limited to all written instruments, conventions, documents, performance of deeds, powers, transfers, assignments, contracts, bonds, certificates and other instruments of any kind entered into by that company. If a business is small or concentrated — or both — it may not happen that often. It can be easy for one or two people to manage one of these types of agreements. However, when a business grows and develops geographically, it can become more complicated. If a company develops, buys new units and expands into new territories, its business becomes obviously more complex. One area that can create a growing business is who has the power to hire it by signing legal documents and when. DETERMINED THAT Mr. [A] [name and appointment of agent] of the company, are and are entitled to sign and execute with a competent party, person or authority, to the extent necessary, all these contracts/agreements/any other document on behalf of the company, with respect to the conduct of the company`s activities, as may be necessary or necessary on behalf of the company, and any modifications that are agreed upon, and to do whatever is necessary and that these contracts and/or agreements are binding on the company. Each board of directors wishes to be cautious as to who it entrusts the signing power, as these individuals can enter into legally binding contracts with other parties. For this reason, this authority is generally limited to trusted employees. However, in a large company with many offices, some employees may be limited to the ability to sign certain contracts. For example, the director of human resources may be empowered to enter into employment contracts with workers.
Or the sales manager is allowed to sign sales contracts. Finally, if your company has an official seal, it must be affixed to an appropriate location of the resolution. In the absence of a seal, the “LS” notation can be written in a circle next to the secretary`s signature. CONSIDERING that the company is determined to grant signature and authority to certain people described here. “RESOLVED THAT Consent of the Board of Directors of the Company be and is granted here to enter into and execute with a relevant party, person or authority, as required, all of these contracts and agreements of any kind or of any kind, including employment contracts, confidentiality agreements, sales/sale contracts, investment contracts, share purchase agreements, etc.