As a professional, I have written the following article on „who is authorised to sign a contract on behalf of a company”.
When it comes to signing a contract on behalf of a company, it`s important to know who is authorised to do so. This is because a contract is a legally binding agreement, and it`s important to ensure that the person signing has the authority to do so. In this article, we`ll explore who is authorised to sign a contract on behalf of a company.
Firstly, it`s important to note that the authority to sign a contract can come from different sources, such as the company`s constitution or the board of directors. In most cases, the person authorised to sign a contract is typically someone in a senior position within the company, such as a CEO or managing director. This is because these individuals are deemed to have the authority to make decisions on behalf of the company.
If the person signing the contract is not a senior executive, they may need to have their authority verified by providing documentation such as a power of attorney or a board resolution. This ensures that the person has been authorised to act on behalf of the company.
Another situation in which someone may be authorised to sign a contract on behalf of a company is if they are a signatory on the company`s bank account. In this case, they may have the authority to sign contracts up to a certain value, as specified by the bank.
It`s also worth noting that the authority to sign a contract can be limited by the nature of the contract. For example, if the contract relates to the sale of the company`s assets, it may require a specific level of authorisation beyond that of a general contract.
In summary, the person authorised to sign a contract on behalf of a company is typically someone in a senior position within the company, such as a CEO or managing director. If the person signing is not a senior executive, they may need to have their authority verified through documentation. Additionally, the authority to sign a contract may be limited by the nature of the contract. It`s important to ensure that the person signing has the appropriate level of authorisation to do so, to ensure the contract is legally binding.