Authority to Bind Company Sample Clauses
The 'Authority to Bind Company' clause defines who within an organization has the legal power to enter into agreements or make commitments on behalf of the company. Typically, this clause specifies that only certain officers or designated representatives are authorized to sign contracts or make binding promises, thereby preventing unauthorized employees from obligating the company. Its core function is to protect the company from unintended liabilities and ensure that only duly empowered individuals can create enforceable obligations.
POPULAR SAMPLE Copied 13 times
Authority to Bind Company. Only the following individuals have authority to act for or bind the Company in contract: ▇▇▇▇▇ ▇. ▇▇▇▇▇ or ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇-▇▇▇▇▇.
Authority to Bind Company. Except as authorized in writing by the Managing Board, none of the Members shall have the right or authority to act for or bind the Company.
Authority to Bind Company. Employee is not permitted or authorized to make any disbursements or purchases or to incur any liabilities on behalf of Company or to otherwise obligate Company in any manner whatsoever, except as authorized by the Board of Directors of the Company.
Authority to Bind Company. Without the prior written consent of the Management Committee, no Member shall have the authority to bind the Company in any manner.
Authority to Bind Company. The Reseller is not authorized to enter into contracts that bind the Company or create obligations on behalf of the Company. The Reseller's actions and agreements shall not impose contractual obligations on the Company.
Authority to Bind Company. Consultant acknowledges and agrees that Consultant and its Assistants have no authority to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization of the Company.
Authority to Bind Company. Nothing in this Consulting Agreement gives the Consultant any authority to act, or hold the Consultant out as agent, for the Company or to bind the Company to perform any obligation to third parties.
Authority to Bind Company. Only the following individuals, classes or groups have authority to bind the Company in contract: Senior Managing Partner, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ or his designee.
Authority to Bind Company. Purchaser shall have received a written resignation from each of the directors of the Company effective as of the Closing. The Company's Board of Directors shall have passed resolutions (and taken any further action necessary under applicable law or as otherwise reasonably requested by Purchaser) providing that, effective as of the Closing, no director, officer, employee, consultant, agent or affiliate of the Company or the Subsidiary, other than ▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇, shall be authorized to write or endorse any checks or other negotiable instruments on behalf of the Company or the Subsidiary or otherwise enter into any Contract to which the Company or the Subsidiary or any of their respective properties or assets (including intangible assets) is subject."
Authority to Bind Company. Employee is permitted and authorized to make disbursements or purchases and to incur liabilities on behalf of Company or to otherwise obligate Company in any manner whatsoever up to $10,000. The CEO of the Company must authorize commitments above $10,000.