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Certification Of Authorization By Principal Template for United States

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Key Requirements PROMPT example:

Certification Of Authorization By Principal

"I need a Certification Of Authorization By Principal to authorize my CFO to execute all financial transactions and banking matters on behalf of my technology company, effective from January 15, 2025, with the authority to delegate specific powers to other senior financial officers."

Document background
The Certification Of Authorization By Principal is essential when one party needs to formally delegate authority to another to conduct business or legal matters on their behalf. This document, governed by U.S. federal and state agency laws, provides clear evidence of the delegation of authority and protects all parties involved in transactions. It typically includes detailed information about the principal and agent, specific powers granted, duration of authority, and any limitations or conditions. This certification is particularly important in situations requiring proof of authorization for significant business decisions, financial transactions, or legal proceedings.
Suggested Sections

1. Principal Identification: Full legal name and details of the principal granting authorization

2. Agent Identification: Full legal name and details of the authorized agent

3. Scope of Authority: Detailed description of powers being granted to the agent

4. Duration of Authority: Time period for which the authorization is valid

5. Certification Statement: Formal statement certifying the grant of authority

Optional Sections

1. Revocation Provisions: Terms for revoking the authorization, used when authority may need to be terminated

2. Successor Agent: Designation of backup agent in case primary agent becomes unavailable

3. Specific Transaction Details: Details of specific transactions being authorized when authorization is for specific transactions only

Suggested Schedules

1. Schedule A - Specimen Signatures: Contains authenticated signatures of principal and agent

2. Schedule B - Supporting Documentation: Copies of identification documents or corporate resolutions

3. Schedule C - Specific Powers: Detailed list of specific powers being granted, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Clauses

























Industries

Agency Law: Includes state-specific agency laws, Restatement (Third) of Agency, and common law principles governing agency relationships

Power of Attorney Laws: Encompasses the Uniform Power of Attorney Act and state-specific power of attorney statutes that govern delegation of authority

Notary Requirements: Covers State Notary Public Acts and Uniform Law on Notarial Acts for document authentication and verification

State-Specific Requirements: Includes state business and commercial codes, and state-specific formal requirements for authorizations

Federal Laws: Covers E-SIGN (Electronic Signatures in Global and National Commerce Act) and UETA (Uniform Electronic Transactions Act)

Industry-Specific Regulations: Encompasses securities laws, real estate laws, and banking regulations depending on the transaction type

Documentation Requirements: Covers record-keeping requirements, duration and termination provisions, and scope of authority specifications

Authentication Requirements: Includes identification verification standards, signature requirements, and witness requirements where applicable

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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