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.
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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
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
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
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