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Board Resolution For Joint Venture Template for Singapore

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Key Requirements PROMPT example:

Board Resolution For Joint Venture

"Need a Board Resolution For Joint Venture to approve our technology partnership with a Japanese software company, including authorization for a SGD 5 million initial investment and appointment of our CTO as primary representative, to be presented at our board meeting on March 15, 2025."

Document background
The Board Resolution For Joint Venture is a crucial corporate document required under Singapore law when companies seek to establish collaborative business arrangements. This resolution demonstrates proper corporate governance and board-level approval for entering into a joint venture. It typically includes details about the proposed venture, partner information, investment commitments, and specific authorizations granted to company representatives. The document must comply with Singapore's Companies Act and corporate governance requirements, particularly regarding director duties and decision-making processes. It serves as evidence of proper authorization and protects both the company and its directors in future dealings.
Suggested Sections

1. Title and Date: Formal identification of the resolution and meeting date

2. Attendance: List of directors present and confirmation of quorum

3. Background: Context and rationale for the joint venture

4. Resolutions: Specific decisions being approved by the board

5. Authorization: Powers granted to specific individuals to execute the joint venture

Optional Sections

1. Confirmation of Directors' Interests: Required when directors have interests to declare in the joint venture

2. Special Conditions: Any specific requirements or conditions for the joint venture

3. Risk Assessment: When detailed risk evaluation needs to be documented

Suggested Schedules

1. Joint Venture Agreement: Draft or final version of the JV agreement being approved

2. Financial Projections: Business plan and financial forecasts for the joint venture

3. Due Diligence Reports: Summary of due diligence findings on JV partner

4. Corporate Structure Chart: Proposed structure of the joint venture

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions































Clauses

























Industries

Companies Act (Cap. 50): Primary legislation governing corporate matters including board resolution requirements, directors' duties and responsibilities, corporate governance requirements, and proper meeting procedures and documentation

Securities and Futures Act (Cap. 289): Regulatory framework for securities and financial markets, particularly relevant if the joint venture involves listed companies, including disclosure requirements and securities trading implications

Competition Act (Cap. 50B): Legislation governing competition law including merger control provisions and anti-competitive arrangements that might affect joint venture structures

Foreign Investment Regulations: Regulatory requirements governing foreign investments in Singapore, including compliance with foreign ownership restrictions and investment controls

Personal Data Protection Act 2012: Laws governing the collection, use, and disclosure of personal data, particularly relevant for data sharing between joint venture partners and cross-border data transfers

Industry-Specific Regulations: Sector-specific regulatory requirements and licensing obligations depending on the industry sector of the joint venture

Singapore Code of Corporate Governance: Best practice guidelines for corporate governance including board composition requirements and governance structures

SGX Listing Rules: Requirements and obligations for companies listed on the Singapore Exchange, including disclosure and reporting obligations

Stamp Duties Act: Legislation governing stamp duties applicable to legal documents and transactions, including documentation requirements

Contract Law: General principles of contract law governing the formation and enforceability of joint venture agreements under Singapore law

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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