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Partnership resolution definition refers to resolving a dispute between partners in a business partnership. The way certain disputes in partnership will be handled should be spelled out in the partnership agreement.
I, ________________________________, a General Partner of ____________________________________, a partnership formed under the laws of ________________________ (the ?Partnership?), do hereby certify that the following resolutions were, or hereby are, duly adopted in ance with the procedures set forth in the ...
Partnership resolution definition refers to resolving a dispute between partners in a business partnership. The way certain disputes in partnership will be handled should be spelled out in the partnership agreement.
For example, Limited Liability Companies (LLCs) can also use resolutions, however, these are optional for LLCs and typically used to keep record of company decisions. On the other hand, a Partnership usually does not need to pass a resolution for the partners to act.
All partners should sign each copy of the Agreement. Each signature must be witnessed.