Instructions and Authorization Clause Samples
The "Instructions and Authorization" clause establishes the authority for one party to provide directions or instructions to another party, and for those instructions to be followed as part of the agreement. In practice, this clause typically applies to situations where a client authorizes a service provider to act on their behalf, such as instructing a bank to process transactions or a contractor to perform specific tasks. Its core function is to ensure that both parties understand who has the right to give instructions and that the receiving party is protected when acting in accordance with those authorized directions, thereby reducing ambiguity and potential disputes over decision-making authority.
Instructions and Authorization. (a) In entering into a Transaction, the Broker Member shall be entitled to rely upon any oral or written instructions given by the Client or by any person authorized in writing by the Client to give instructions on its behalf. The Client may revoke this authorization by delivering to the Broker Member a signed written notice to this effect.
(b) In giving instructions, the Client may give the Broker Member discretion with regard to the timing and/or the price at which such instructions are to be executed. In such cases the Broker Member shall, subject to Section 14, not be liable for the results of the discretion exercised by the Broker Member provided such Broker has not been negligent.
(c) Once given, instructions may only be withdrawn or amended with the Broker Member’s consent.
Instructions and Authorization. 2.1 If the Client is allowed by the Company to engage in cash or stock options trading or to use the market data service and other related services, the Client shall be further subject to the General Terms and Conditions.
2.2 The Company may implement the Client’s Securities transactions in such manner and through any member of the Mighty Divine Group in its absolute discretion.
2.3 The Client or his/her/its Authorized Person(s) may give to the Company instructions (which the Company may in its absolute discretion reject) to effect Securities trading and other transactions on behalf of the Client. The instructions may be given orally, in writing or electronically which purport, or which the Company reasonably believes, to come from the Client or his/her/its Authorized Person(s) or to have been given on his/her/its behalf.
2.4 The Client agrees to and hereby irrevocably appoints the Company with full power and authority as his/her/its true and lawful attorney, to the fullest extent permitted by law, to act for and on the Client’s behalf for the purpose of carrying out the provisions of the Client Agreement and taking any action and executing any document or instrument in the Client’s name or in its own name which the Company may deem necessary or desirable to accomplish the purposes of the Client Agreement.
2.5 Securities transactions effected by the Company on the Client’s behalf are subject to the laws, regulations, and constitution, by-laws, rules, customs, and transaction levies of the relevant market, exchange, clearing house or jurisdiction as amended from time to time.
2.6 The Company is hereby authorized to instruct overseas brokers and dealers (including but not limited to the United States of America, and the PRC) to execute transactions in overseas Securities in such terms and at such times as in its discretion deems fit and the Client hereby acknowledges that the terms of business of such overseas brokers and dealers shall apply to such transactions and the Client agrees to be bound by such terms.
2.7 The Company is hereby authorized to include subject to the absolute discretion of the Company all the Securities and related transactions of the Client traded in Hong Kong and in the United States of America and/or in the PRC in one consolidated account in the name of the Client with the Company.
Instructions and Authorization. 1The Client hereby irrevocably appoints The Broker with full power and authority as the Client’s attorney, to the fullest extent permitted by law, to act for and on behalf of the Client for the purpose of carrying out the provisions of this Agreement and taking any action and executing any document or instrument in the name of the Client or The Broker which The Broker may deem necessary or desirable to accomplish the purposes of this Agreement, including (without limitation), in particular for an Account being a Margin Account :