Law Firm Board Resolution Approving Acquisition of Business Assets
[Month, Day, Year]
Company Name: [Your Company Name]
Resolution Number: [Unique Resolution Number]
WHEREAS, it has been proposed to the Board of Directors of [Your Company Name] (the "Firm") that the Firm shall acquire certain business assets from [Target Company Name], a [State of Incorporation] corporation (the "Target Company"); and
WHEREAS, the Board of Directors of the Firm has reviewed and considered the terms and conditions of the proposed acquisition, including but not limited to the purchase price, assets to be acquired, liabilities assumed, and potential benefits and risks associated therewith; and
WHEREAS, the Board of Directors of the Firm has determined that the acquisition of the business assets of the Target Company is in the best interests of the Firm and its shareholders, and is consistent with the Firm's strategic objectives and long-term growth plan; and
WHEREAS, the Board of Directors of the Firm has considered and taken into account the legal, financial, and business implications of the proposed acquisition, and has received advice from legal counsel and financial advisors regarding the same; and
WHEREAS, the Board of Directors of the Firm has the authority to approve such acquisition pursuant to the Bylaws of the Firm and applicable law;
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors of [Law Firm Name] hereby approves and authorizes the acquisition by the Firm of all business assets of the Target Company, including but not limited to:
Real property owned or leased by the Target Company.
Intellectual property rights, including trademarks, patents, and copyrights.
Tangible assets such as inventory, equipment, and furniture.
Intangible assets such as goodwill and customer relationships.
BE IT FURTHER RESOLVED, that [Your Name], [CEO], or any other officer of the Firm, be and is hereby authorized and directed to negotiate, execute, and deliver on behalf of the Firm any and all agreements, documents, instruments, and certificates necessary or desirable to effectuate the acquisition, including but not limited to purchase agreements, assignment and assumption agreements, and closing documents.
BE IT FURTHER RESOLVED, that any actions taken by [Your Name] or any other officer of the Firm in connection with the acquisition of the business assets of the Target Company are hereby ratified, confirmed, and approved in all respects.
BE IT FURTHER RESOLVED, that the officers of the Firm are hereby authorized and directed to take all such further actions as may be necessary or desirable to carry out the purposes and intent of this Resolution.
BE IT FURTHER RESOLVED, that a copy of this Resolution shall be included in the minutes of the meetings of the Board of Directors of the Firm and shall be maintained in the corporate records of the Firm.
IN WITNESS WHEREOF, the undersigned, being all of the directors of [Your Company Name], have executed this Resolution as of the date first above written.
Attest: [Your Name], Secretary
This document shall serve as a true and accurate record of the Board Resolution approving the acquisition of business assets by [Your Company Name].
[Your Company Name]
[Secretary]
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