Partnership Written Resolution
Unlike limited companies the legislation governing partnerships does not specify how partnerships should conduct their meetings, use written resolutions and record their internal decisions.
It is however likely that the governing partnership agreement will specify how internal decisions should be reached and recorded. Clause 15.4 of the long form partnership agreement provides that partners may pass decisions by written resolution instead of holding meetings. It will be necessary to check the governing partnership agreement as to whether decisions may be made by resolution, the agreement is silent on the point or it is expressly prohibited.
This template written resolution is based on the standard format for companies and adapted for partnerships. It may be used to record any resolution of the partnership as a whole or a meeting of the partners that is authorised to be made by written resolution.
This resolution contains optional wording and is in open format. The requisite details should be inserted into the highlighted fields or the wording can be adjusted to suit your purposes. Wording in square brackets is optional. If it is required, then the brackets should be deleted and the wording within them retained. If the wording is not required, then it can be deleted.
Once you have purchased access to the appropriate document folder click on the “Download Document” button below. You will be asked what you want to do with the file. It is recommended that you save the document to a location of your choice prior to viewing.