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The main reason for the Corporate Resolution is that it is a document which establishes that an entity resolved to undertake certain actions. Similarly this certificate is like the Certificate of Incumbency in that it is an internal corporate document.
Certificate of Incumbency Defined It specifies who each person is and what position they hold. This document most commonly serves as validation for identifying who is able to enter into legally binding agreements on behalf of the company, or in other words, who the company's signatories are.
The certificate of incumbency will show the date, the company name, and all of the names of the directors and officers in higher positions in the company. Alongside the names are everyone's positions within the company, the term of their office, if they were elected or appointed by their peers, and their signatures.
The function of the incumbency certificate is to prove that the specified individuals are authorized to enter into legally binding transactions on behalf of the company.
I, [Full Name of Business Owner/Secretary etc.], being the [Job Title] of [Name of Company] (the "Corporation"), a corporation incorporated under the laws of the State of [Name of State], do hereby certify as follows: 1. That I am the duly elected and qualified [Job Title] of the Corporation. 2.
The certificate of good standing does not provide further details on the company. In contrast, a Certificate of Incumbency includes detailed information about a company, including: The company's name and registration number. The date of incorporation.