Colorado Sample Letter for Authorized Signatories for Partnerships or Corporations
Description
How to fill out Sample Letter For Authorized Signatories For Partnerships Or Corporations?
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FAQ
I/We _____________________________ do hereby authorize Mr./Ms. He/She is duly authorized to sign all necessary correspondence in this regard on our behalf. His/Her explanations / statements will be binding on me/us without exception.
Dear Sirs, I, the undersigned, hereby give notice that I am willing to be appointed to act as Authorised Signatory of the Company and I confirm that I am a fit and proper person to be Authorised Signatory of the Company. I will notify the Company promptly of any changes in the information that I have provided.
I, [Your Name], hereby authorize [Recipient's Name] to act on my behalf in [Specify the task or action], effective from [Start Date] to [End Date]. [Recipient's Name] is authorized to take all necessary actions and make all decisions regarding [Specify the task or action].
An authorized signatory is a person allowed to act on behalf of your business, and their name is stated in your official business/company records. Sometimes there can be more than one authorized signatory, so two or more persons need to provide their signatures.
Signatory authority: how it works For example, if your office manager often negotiates supplier contracts, they might be considered to have 'implied or apparent authority' to sign those contracts on behalf of the company.
The purpose of an Authorization Letter is to: (a) demonstrate that the individual(s) signing contracts and reviewing and submitting invoices have been authorized to do so by the organization's Board of Directors; and (b) provide a sample of the signatures of the organization's authorized signatories.
Signatory authority: how it works They don't have to be a director, or have any specific job title. For example, if your office manager often negotiates supplier contracts, they might be considered to have 'implied or apparent authority' to sign those contracts on behalf of the company.
The format of an authorization letter should include the date, the name of the person to whom it is addressed, details about the person who has been authorized (such as name and identity proof), the reason for his absence, the duration of the authorized letter, and the action to be performed by another person.
