Just and Reasonable Contract Clause Samples

Just and Reasonable Contract. The person asserting the validity of the self-dealing contract sustains the burden of proving that the contract was just and reasonable as to the Alliance at the time it was authorized, approved or ratified. Interested Director(s) may be counted in determining the presence of a quorum at a meeting of the Board or a committee thereof, which authorizes, approves or ratifies a contract or transaction as provided in this Section 5.18 (Self-Dealing Transaction).