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A Board Resolution For Partnership is a crucial corporate document required when a company in Nigeria intends to enter into a partnership arrangement with another entity. This document is essential for compliance with the Companies and Allied Matters Act (CAMA) 2020 and serves multiple purposes: it formally records the board's decision to enter into the partnership, provides authorization for executing partnership agreements, and outlines key partnership terms. The resolution should be used whenever a company plans to form a partnership, joint venture, or similar collaborative business arrangement. It typically includes details about capital contributions, profit sharing, management structure, and specific powers granted to company officers. The document is particularly important in the Nigerian business context as it provides evidence of proper corporate governance and compliance with local regulatory requirements.

1. Header and Date: Title of the document, company name, date, and location of the meeting

2. Attendance: List of board members present, absent, and any other attendees

3. Quorum Confirmation: Statement confirming that the required quorum is present for valid decision-making

4. Background: Context of the proposed partnership and reasons for entering into it

5. Recitals: Key considerations and facts that led to the decision

6. Resolution Statements: Formal statements of the board's decisions regarding the partnership

7. Partnership Details: Key terms of the partnership including structure, capital contributions, and profit sharing

8. Authorization: Specific powers granted to officers to execute partnership documents

9. Certification: Authentication of the resolution by authorized signatories