Legal Agreement Templates – Director Resolution to Approve Agreement – New Zealand



Use this resolution when the directors of a company wish to approve the entry into an agreement by the company.

If the transaction qualifies as a major transaction, the shareholders will also need to approve the transaction by special resolution before the Company signs the Agreement.  In general terms, major transactions involve assets or obligations which are greater in value than half of the Company’s existing assets.  See our template major transactions resolution if major transaction approval is needed.

This document assumes that directors will sign a written resolution, rather than hold a board meeting.  As such, it must be signed by all directors of the company.