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Irrevocable Letter Of Authority for the United Kingdom

Irrevocable Letter Of Authority Template for England and Wales

An Irrevocable Letter of Authority is a formal legal document governed by English and Welsh law that grants specific powers or permissions from one party to another on a permanent, non-revocable basis. It creates a binding commitment that cannot be withdrawn unilaterally, providing security and certainty to the receiving party. The document is commonly used in financial, property, and business contexts where permanent authorization is required.

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Irrevocable Letter Of Authority

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What is a Irrevocable Letter Of Authority?

An Irrevocable Letter of Authority is utilized when a party needs to grant permanent, unchangeable authority to another party for specific actions or decisions. This document, governed by English and Welsh law, provides a robust legal framework for situations requiring guaranteed continuity of authority. The letter typically includes detailed specifications of the powers granted, the parties involved, and the scope of authority. It's particularly valuable in financial transactions, property matters, and business arrangements where the permanence of the authority is crucial for the transaction's success or ongoing operations.

What sections should be included in a Irrevocable Letter Of Authority?

1. Authorising Party Details: Full legal name and address of the party giving authority

2. Authorised Party Details: Full legal name and address of the party receiving authority

3. Scope of Authority: Clear description of powers being granted

4. Duration: Period for which authority is granted

5. Irrevocability Statement: Express statement that the authority cannot be revoked

What sections are optional to include in a Irrevocable Letter Of Authority?

1. Specific Limitations: Any restrictions on the authority granted, used when authority needs to be qualified

2. Third Party Recognition: Acknowledgment by relevant third parties, used when third party involvement is crucial

3. Governing Law Statement: Express choice of law, used in cross-border situations

What schedules should be included in a Irrevocable Letter Of Authority?

1. Identity Documents: Copies of identification documents of authorising party

2. Asset Schedule: List of specific assets covered by the authority, if applicable

3. Corporate Resolution: If authorising party is a company, board resolution authorizing the letter

Authors

Alex Denne

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

Jurisdiction

England and Wales

Publisher

Genie AI

Document Type

Letter of Authority

Sector

Banking

Cost

Free to use
Relevant legal definitions












Clauses















Industries

Law of Property Act 1925: Primary legislation governing property transactions and written instruments in England and Wales. Key for format and validity requirements of property-related documents.

Powers of Attorney Act 1971: While not directly governing Letters of Authority, provides fundamental principles and precedents for delegating authority to another party.

Common Law Contract Principles: Fundamental principles including offer, acceptance, consideration, intention to create legal relations, and capacity of parties.

Financial Services and Markets Act 2000: Relevant for authorities involving financial matters or regulated activities, ensuring compliance with FCA regulations.

Agency Law Principles: Legal framework governing scope of authority, fiduciary duties, and principal-agent relationships.

Data Protection Act 2018 and UK GDPR: Legislation governing personal data processing and privacy considerations in formal documents.

Electronic Communications Act 2000: Legislation governing the validity and requirements for electronic execution of documents.

Companies Act 2006: Key legislation for corporate entities, defining authority requirements for company representatives and execution of documents.

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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