Authorised Signatory:
Noun
1. A person who has been granted the legal authority to sign official documents, contracts, or agreements on behalf of an organisation, company, or individual.
2. An individual who has been designated by an entity to represent and act on its behalf in matters requiring formal authorization, such as financial transactions, legal proceedings, or administrative tasks.
3. The person responsible for ensuring that the signature on a document is valid and legally binding, often requiring the individual to possess specific knowledge or expertise related to the subject matter of the document.
4. A designated representative who holds the power to make decisions and enter into legally binding agreements on behalf of an organisation, typically appointed through a formal process or by virtue of their position within the organisation’s hierarchy.
Example: The authorised signatory of the company signed the contract, thereby confirming the company’s commitment to the terms and conditions outlined within it.
An authorised signatory is an individual who has been given the legal authority to sign documents or enter into agreements on behalf of a company or organisation. This authority is typically granted through a formal appointment or designation by the company’s board of directors or other governing body.
The authorised signatory is responsible for ensuring that any documents they sign are accurate, valid, and in compliance with applicable laws and regulations. They must also exercise their authority in the best interests of the company or organisation they represent.
The scope of an authorised signatory’s authority may vary depending on the specific designation and the company’s internal policies. Some authorised signatories may have broad authority to sign any type of document on behalf of the company, while others may have limited authority for specific types of agreements or transactions.
It is important for companies to clearly define and communicate the authority of their authorised signatories to avoid any confusion or potential misuse of their signing powers. Additionally, companies should maintain proper documentation and records of the appointment and authorization of their signatories to ensure transparency and accountability.
In summary, an authorised signatory is an individual who has been granted the legal authority to sign documents and enter into agreements on behalf of a company or organisation. They must exercise their authority responsibly and in accordance with applicable laws and regulations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 11th April 2024.
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