The Oregon Resolution of Meeting of LLC Members to Authorize Contract is a legal document that outlines the process through which an LLC (Limited Liability Company) obtains internal approval to enter into a contract. This resolution serves as evidence of the LLC members' agreement and authorization to enter into a specific contract or agreement on behalf of the company. In Oregon, there are two main types of resolutions that can be used by LLC members to authorize a contract: 1. General Resolution: A General Resolution is a common type of resolution used by LLC members to authorize various types of contracts and agreements. It is a comprehensive and flexible resolution that grants the LLC's designated representative(s) the authority to negotiate, execute, and perform contracts on behalf of the LLC. This resolution typically requires a majority vote of the LLC members present at a meeting or voting by written consent. 2. Specific Resolution: A Specific Resolution is employed when the LLC members need to authorize a contract for a specific purpose or transaction. It outlines the details of the contract, such as the parties involved, the nature of the agreement, and any specific terms or conditions. This resolution focuses solely on authorizing one particular contract rather than granting general authority, as done in a General Resolution. Keywords: Oregon, Resolution, Meeting, LLC Members, Authorize Contract, General Resolution, Specific Resolution, Limited Liability Company, Agreement, Approval, Evidence, Negotiate, Execute, Perform, Parties, Transaction, Terms, Conditions.
Oregon Resolution of Meeting of LLC Members to Authorize Contract
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How to fill out Oregon Resolution Of Meeting Of LLC Members To Authorize Contract?
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