Law Firm Board Resolution to Issue General Release
Date: [Date]
Purpose: To authorize the issuance of a general release on behalf of [Your Company Name].
WHEREAS, the law firm of [Your Company Name] has been involved in negotiations to settle a legal dispute with [Second Party], and it has been determined that the issuance of a general release is necessary to resolve all claims and liabilities arising from said dispute;
WHEREAS, the legal team of [Your Company Name] has reviewed the terms of the proposed release and confirmed that it complies with all applicable laws, regulations, and internal policies of the firm;
NOW, THEREFORE, BE IT RESOLVED, by the board of partners of [Your Company Name] that:
I. Authorization to Issue General Release
The law firm of [Your Company Name] is hereby authorized to issue a general release on behalf of itself and its clients involved in the aforementioned dispute, releasing all known and unknown claims, liabilities, and obligations related to the dispute with [Second Party].
II. Scope of Release
The release shall cover all claims, demands, actions, causes of action, damages, and liabilities of any kind whatsoever, whether known or unknown, suspected or unsuspected, arising out of or in any way related to the dispute with [Second Party].
III. Consideration
In consideration for the execution of the release, [Second Party] shall pay the sum of $[00] to [Your Company Name] within [Timeframe] of the execution of this resolution.
IV. Legal Review
The terms of the release have been reviewed and approved by the legal team of [Your Company Name] to ensure compliance with all relevant laws, regulations, and internal policies of the firm.
V. Execution
[Name of Authorized Individual(s)], acting on behalf of [Your Company Name], is hereby authorized and directed to execute the release on behalf of the firm and its clients involved in the dispute with [Second Party]. The execution of the release shall be deemed conclusive evidence of the authority granted hereby.
VI. Record-Keeping
A copy of the executed release and this resolution shall be maintained in the firm's records for future reference.
RESOLVED FURTHER, that any actions taken by the authorized individuals pursuant to this resolution shall be deemed to have been duly authorized and approved by the board of partners of [Your Company Name].
IN WITNESS WHEREOF, the undersigned, being all of the partners of [Your Company Name], have executed this resolution as of the date first above written.
[Your Name]
[Your Job Title]
[Your Company Name]
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