Legal Contract Settlement Agreement Resolution
This resolution is made on this 13th of March, 2050, by the Board of Directors of [Your Company Name], situated at [Your Company Address].
WHEREAS, PARTY A and PARTY B, have entered into a contract dated [Month Day, Year];
WHEREAS, due to unforeseen circumstances and in good faith, both PARTY A ([Your Company Name]) and PARTY B wish to settle and resolve all matters set forth in the agreement.
WHEREAS, the Board of Directors has reviewed the proposed terms of the Settlement Agreement and Release of Claims between PARTY A ([Your Company Name]) and PARTY B, found it to be fair, just, and reasonable, and desires to ratify and confirm said Agreement;
RESOLVED, that PARTY A ([Your Company Name]) has agreed to finalize the legal settlement as agreed between both parties and hereby authorizes [Your Name], of the position [Your Job Title], to execute and deliver any and all documents necessary to carry into effect the Settlement Agreement and Release of Claims;
RESOLVED FURTHER, that any acts carried out by the aforementioned officer in connection with the Settlement Agreement be, and they hereby are, ratified, confirmed, approved, and adopted.
This resolution is hereby declared to be in full force and effect from the DATE OF RESOLUTION ADOPTION.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
[Your Company Name]
[Your Name]
[Your Job Title]
[Month Day, Year]
[Your Partner Company Name / Second Party]
[Your Partner's Name]
[Your Partner's Job Title]
[Month Day, Year]
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