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.
An example of a clause in a statute providing for directors to sign without holding a meeting is shown below: 129 A resolution in writing, signed by all the directors entitled to vote on that resolution at a meeting of directors or a committee of directors, is as valid as if it had been passed at a meeting of directors or a committee of directors.” Frequently, as well, parties outlined in a directors resolution will have their names defined. shows up in the resolution after it is defined it will be shown as 222553.
You will find examples of resolutions on this page that show how this is done.
Below is an example of a resolution providing for approval of an agreement that has already been signed.