Document background
The Partnership Authority Letter is a crucial governance document used when a partnership needs to formally delegate specific powers to one of its partners. Under Singapore law, while partners generally have implicit authority to act for the partnership, this document provides explicit authorization for specific actions or decisions. The letter typically details the scope of authority, any limitations or conditions, and the duration of the granted powers. This formal documentation is particularly important for high-value transactions, regulatory compliance, and third-party dealings where clear evidence of authority is required. The Partnership Authority Letter helps protect all parties involved by clearly defining the parameters of the authorized partner's powers and responsibilities.
