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Authorization Agreement
"I need a Swiss Authorization Agreement for our company to authorize our Regional Director to represent us and make decisions for our new Zurich office starting March 1, 2025, including the power to enter into contracts up to CHF 500,000 and manage local staff."
1. Parties: Identification of the principal (authorizing party) and the agent (authorized party), including full legal names, addresses, and any registration numbers
2. Background: Context of the authorization and the relationship between the parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Authorization: Detailed description of the powers being granted and their limitations
5. Duration: Term of the authorization, including start date and end date or conditions for termination
6. Duties and Obligations: Responsibilities of the agent when exercising the authorization
7. Revocation and Termination: Conditions under which the authorization can be revoked or terminated
8. Liability: Extent of agent's liability and any limitations thereof
9. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
10. Signatures: Execution block for both parties
1. Sub-Authorization: Include when the agent may need to delegate authority to others
2. Compensation: Include when the agent will receive payment for their services
3. Reporting Requirements: Include when the agent must provide regular updates or reports
4. Confidentiality: Include when the agent will have access to confidential information
5. Data Protection: Include when personal data processing is involved
6. Insurance: Include when specific insurance coverage is required for the authorized activities
7. Conflict of Interest: Include when there's potential for conflicts in the agent's role
1. Schedule 1 - Specific Powers: Detailed list of specific actions the agent is authorized to perform
2. Schedule 2 - Authorized Persons: List of specific individuals authorized to act (if applicable)
3. Schedule 3 - Reporting Template: Standard format for required reports (if applicable)
4. Appendix A - Required Documentation: Copies of identification documents or other required certificates
5. Appendix B - Power of Attorney Form: Standard form for use with third parties
6. Appendix C - Fee Schedule: Detailed breakdown of fees and expenses (if applicable)
Authors
Financial Services
Banking
Insurance
Legal Services
Real Estate
Corporate Services
Investment Management
Healthcare
Manufacturing
International Trade
Professional Services
Wealth Management
Education
Technology
Pharmaceutical
Legal
Compliance
Corporate Governance
Finance
Operations
Risk Management
Business Development
Administrative
Executive Office
Investment
Asset Management
Corporate Affairs
Human Resources
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Compliance Officer
Corporate Secretary
Managing Director
Board Member
Asset Manager
Power of Attorney Holder
Trust Officer
Operations Manager
Financial Controller
Risk Manager
Department Head
Regional Manager
Business Development Manager
Account Manager
Property Manager
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