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A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [ 1 ] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name . [ 2 ]
dispute resolution provisions; protecting the competitive interests of the company which may include restrictions on a shareholder's ability to be involved in a competing business to the company; restrictions on a shareholder's ability to poach key employees of the company; key terms with suppliers or customers who are also shareholders
A deadlock provision, or deadlock resolution clause, is a contractual clause or series of clauses in a shareholders' agreement or other form of joint venture agreement which determines how disagreements on key issues are to be resolved in relation to the management of the enterprise. The drafting of the deadlock provisions will often depend to ...
A Special Resolution can be tabled at a Director's Meeting. The Ordinary Resolution requires the endorsement by a majority vote, sometimes easily met by partners' vote. The Special Resolution requires a 60, 70 or 80% of the vote as stipulated by the constitution of the company. Shareholders other than partners may vote.
In business or commercial law in certain common law jurisdictions, an ordinary resolution is a resolution passed by the shareholders of a company by a simple or bare majority (for example more than 50% of the vote) either at a convened meeting of shareholders or by circulating a resolution for signature.
[[Category:Resolution templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Resolution templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
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