Authorization for Limited Agency Clause Samples
The Authorization for Limited Agency clause establishes that a party is granting another party the authority to act on their behalf, but only within specific, defined limits. In practice, this means the agent can perform certain actions, such as negotiating or signing documents, but only for particular transactions or under certain conditions outlined in the agreement. This clause ensures that the agent’s powers are clearly restricted, protecting the principal from unauthorized commitments and providing clarity about the scope of the agent’s authority.
Authorization for Limited Agency. The Lessor and Lessee are advised that they are not required to accept a limited agency situation in the Company. However, it is the business practice of the Company to participate in In-House Leases. By signing this agreement, Lessee and Lessor consent to a limited agency within the Company as provided below: [X] A. One Agent. The Lessee and the Lessor consent to JUSTIN D. JOHNSTON (Name of A▇▇▇▇); ▇▇▇ ▇▇▇ ▇▇▇ncipal/Branch Broker representing both the Lessee and the Lessor as a Limited Agent as described above.
Authorization for Limited Agency. The Seller and Buyer are advised that they are not required to accept a limited agency situation in the Company and that Buyer and Seller are each entitled to be represented by their own agent. However, it is the business practice of the Company to participate in In-House Sales. By signing this agreement, Buyer and Seller consent to a limited agency within the Company as provided below: (Check Applicable Box):