Company Resolution
R68.20A Resolution is used where a legal entity needs a written resolution signed by its directors or company officials before it can conclude a transaction, agreement, or conduct a particular activity.
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A Resolution is used where a legal entity needs a written resolution signed by its directors or company officials before it can conclude a transaction, agreement, or conduct a particular activity.
A Contingent Liability Agreement can be used by a company that takes out Contingent Liability insurance over the life of its equity owners or directors. Such insurance covers the company’s contingent liabilities should the owner or director die before the company has paid off the debt for which the owner or director has signed a surety-ship or other security. A Contingent Liability Agreement is an acknowledgement by the life assured that the insurance policy is in place, and a confirmation about each party’s rights and obligations around the life policy.
A Director’s Acknowledgement and Consent comprises an acknowledgement by the Director that s/he has been appointed to the position of a director by the company, and includes a confirmation by the director that s/he is generally knowledgeable about what is required of him/her, and that s/he is not aware of anything that prohibits him/her from accepting the appointment.
A Key Man Agreement can be used by a company that takes out Key Man insurance over the life of someone who plays a critical role in the business. A Key Man Agreement is an acknowledgement by the Key Man (or woman) that the insurance policy is in place, and a confirmation about each party’s rights and obligations around the life policy.
A Pre-Incorporation Contract may be considered for the mutual protection of prospective shareholders in the intended registration of a company still to be formed. The document sets out the intended purpose and structure of the company to be registered and endeavours to ensure that the prospective shareholders understand their respective rights and obligations in relation to each other.