Authorisation Letter to the authorised person to inform them of the authorisation terms. This is drafted from the perspective of the entity making the authorisation.
Authorisation letters are used to confer power upon the designated parties to act on one's behalf.
The document includes the terms of the authorisation, the date until which the Authorisation is valid, the jurisdiction which governs the authorisation. The Authorisation takes effect from the date of acceptance (granted that it is accepted within the allotted number of days).
This document should be carefully read by the Individual Corporate and Authorised Person.
This letter of authority may be used to inform the authorised person of the authorisation terms.
The name of the authorised person, the term of authorisation and the jurisdiction state should be clearly stated in the authorisation letter.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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