Board minutes approving a proposed commercial agreement
Board minutes approving a proposed commercial agreement

The following Commercial precedent provides comprehensive and up to date legal information covering:

  • Board minutes approving a proposed commercial agreement
  • 1 Chair
  • 2 Notice and quorum
  • 3 Declaration of interests
  • 4 Business of meeting
  • 5 Documents produced to the meeting
  • 6 Consideration of the transaction documents
  • 7 Resolutions
  • 8 Close of meeting

[As a header insert company name, company number and date of meeting]

[Insert name of company] Limited

Minutes of a meeting of the Board of Directors (the Meeting) of [insert name of company] (the Company)

Held at [insert place of meeting]

On [insert date of meeting] at [insert time of meeting] [am OR pm]

Present:[insert name of director to be Chair] (Chair)
[insert names of directors present]
[insert names of directors present by phone] [(by telephone)]
In attendance:[insert names of those in attendance — usually advisers]
Apologies:[insert names of directors who are unable to attend meeting]
    1. 1

      Chair

      It was agreed that [insert name of director to be appointed chair] be appointed as the Chair of the Meeting.

    1. 2

      Notice and quorum

      It was reported that in accordance with the Company’s articles of association (the Articles), due notice of the Meeting had been given to all Directors entitled to attend and that a quorum was present. Accordingly, the Chair declared the Meeting open.

    1. 3

      Declaration of interests

      1. 3.1

        In accordance with section 177 of the Companies Act 2006 (the Companies Act) and article [insert article number] of the Articles the directors each declared [their respective direct and indirect interests in the business to be considered at the Meeting [the nature and extent of which are detailed in the schedule

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