Sample Minutes of Agreement

A act of agreement It is a document by which it is certified that a group of people have taken a resolution that has been reached either by a vote, by a pact or through a treaty.

In a act of agreement A series of data must be clearly specified that serve to give it the validity that is required to carry out the actions that were agreed and that gave rise to this document.

Among the information that a act of agreement is:

• Place, date and time the agreement was made.
• People who were present.
• How the resolution was reached.
• Conditions of the agreement, actions to be followed.
• Penalty in the event that either party fails to comply with the provisions of the document.
• Name and signature of all the people present during the process.

Example of Minutes of Agreement:

On April 29, 2013, Mr. Pedro de Alvarado met in the assembly room of this company in the capacity of Corporate Vice President and legal representative of Corporativo Argos S.A and Engineer Adalberto Núñez Cazares as legal representative of Despacho de Consultores Asociados S.C., with the aim of to reach a consensus regarding the status of the consulting project that Consultores Asociados, S.C. loans to Corporativos Argos S.A. reaching the next Agreement:

Consultores Asociados, S.C., hereinafter the Provider, acknowledges that the status of the consulting project it is providing has not met the promised quality standards in the initial contract, and that Corporativo Argos S.A., the Client, will not carry out any type of penalty of those established in the contract since the Supplier will assign a group of 4 certified consultants in business processes, during a period of 120 calendar days to attend the project contracted by the Client without any charge additional.

This agreement is signed by the legal representatives of both parties.

Pedro de Alvarado
Corporate Vice President Argos

Engineer Adalberto Núñez Cazares
Legal Representative Consultores Asociados, S.C.