Board Resolution for Business Transfer Agreement

Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]

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This resolution was duly passed by the Board of Directors of [YOUR COMPANY NAME], a corporation organized under the laws of [STATE/COUNTRY], during a board meeting held on March 15, 2050, at the registered office of the company located at [YOUR COMPANY ADDRESS]. The purpose of this resolution is to formalize the transfer of certain business assets as described below.

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I. PURPOSE OF THE RESOLUTION

The purpose of this resolution is to approve and authorize the transfer of the [business segment/assets] of the company to [BUYER NAME], as outlined in the Business Transfer Agreement dated April 1, 2050. The Board acknowledges that this transfer aligns with the strategic objectives of the company and ensures compliance with all applicable legal and regulatory requirements.

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II. DETAILS OF THE BUSINESS TRANSFER

The transfer involves the following:

Asset/Business Unit	Description	Value (USD)	Location	Effective Date
Manufacturing Division	Machinery, inventory, and IP	$10,000,000	Dallas, TX	May 1, 2050
Customer Contracts	Service agreements (active)	$1,000,000	Various locations	May 1, 2050

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III. AUTHORIZATION

The Board hereby authorizes [AUTHORIZED PERSON NAME], holding the position of [TITLE] within the company, to execute and deliver the Business Transfer Agreement and all ancillary documents on behalf of the company. Said representative is further authorized to negotiate final terms, liaise with regulatory bodies, and complete all necessary actions to close the transfer effectively.

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IV. BOARD APPROVAL

The Board unanimously resolves to approve the Business Transfer Agreement in its entirety. The resolution was adopted with a vote of 5 in favor, 0 opposed, and 0 abstaining, as recorded in the minutes of the meeting held on March 15, 2050.

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V. CONDITIONS PRECEDENT

This approval is subject to the fulfillment of the following conditions:

1. Receipt of all required regulatory approvals by April 15, 2050.

2. Completion of due diligence by the buyer by April 20, 2050.

3. Payment of the initial deposit of $1,000,000 by April 30, 2050.

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VI. EFFECTIVE DATE AND CLOSING

The transfer will become effective on May 1, 2050, contingent upon the satisfaction of all conditions precedent outlined above. The closing of the transaction will occur at [CLOSING LOCATION].

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VII. RECORD OF RESOLUTION

This resolution shall be recorded in the official records of the company and copies shall be provided to [BUYER NAME], regulatory authorities, and legal counsel as required.

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VIII. ADDITIONAL PROVISIONS

The Board confirms that all directors have been provided with prior notice of this resolution and sufficient time to review its terms. Any amendments to the Business Transfer Agreement must be approved by a majority vote of the Board.

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This resolution is hereby certified as accurate and adopted by the Board of Directors on March 15, 2050.

[YOUR NAME]
[Your Title]
[Your Company Name]

Signatures of Directors:

Name	Title	Signature	Date
John Doe	Chairman of the Board		March 15, 2050
Jane Smith	Director		March 15, 2050
Alan Johnson	Director		March 15, 2050

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This concludes the resolution document. It serves as a binding record of the Board’s decision and shall guide the execution of the business transfer.

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