Post dating a contract
Srabone Monir, Esq., is an Attorney for the 32BJ chapter of the Service Employees International Union. A contract is an agreement made between two or more parties that is enforceable by law.The enforcement aspect of a contract is important, because without the ability to enforce an agreement, neither party is required to honor the contract.The directors appoint officers to assist them with the day to day matters.For small operations there may be one shareholder, one director and one officer and this may be the same person.Below is an example of a resolution providing for approval of an agreement that has already been signed.Checking for Valid Content Assuring Formalities Were Observed Ensuring the Validity of Execution Identifying Defenses to Performance Show 1 more... Questions & Answers Related Articles References This article was co-authored by Srabone Monir, Esq.. There are 23 references cited in this article, which can be found at the bottom of the page.The by-laws of a corporation determine who can sign agreements on behalf of a corporation.
on behalf of the Corporation and this clause cannot be varied unless the directors and shareholders approve an amendment to the by-law.Note that the paragraph at the bottom below the resolution refers to a statute.This statute reference should be changed to show the statute refer for the particular company you are preparing the resolution for.For larger operations, there may be numerous directors and officers.One of the duties of the directors of a corporation is to approve agreements, contracts, leases and other documents that the corporation is or has entered into with other parties.