Document background
A Board Resolution For Termination of Agreement is a critical corporate governance document used in Switzerland when a company's board of directors decides to formally end an existing contractual relationship. This document is essential for maintaining proper corporate records and demonstrating compliance with Swiss corporate law requirements, particularly under the Swiss Code of Obligations. It should be used whenever terminating significant agreements that require board-level approval, such as major commercial contracts, partnership agreements, or service arrangements. The resolution must detail the board's authority, the specific agreement being terminated, the rationale for termination, and the authorization for executing the termination. This document type is particularly important in Switzerland's sophisticated business environment, where clear documentation of corporate decision-making is crucial for regulatory compliance and good governance practices.
