Common use of Organization and Authority to Do Business Clause in Contracts

Organization and Authority to Do Business. Optionee is a corporation duly organized, validly existing and in good standing under the laws of Nevada, with full power to enter into and perform its obligations under this Agreement, and is duly qualified to transact business in the State of Nevada;

Organization and Authority to Do Business. Optionee Optionor is a corporation limited liability company duly organized, validly existing and in good standing under the laws of Nevada, with full power to enter into and perform its obligations under this Agreement, and is duly qualified to transact business in the State of Nevada;