PARTNER AUTHORIZATION Clause Samples
The Partner Authorization clause defines the scope and limits of authority granted to a partner within a business relationship or agreement. It typically outlines which actions or decisions a partner is permitted to make on behalf of the partnership, such as entering into contracts, managing funds, or representing the partnership in negotiations. By clearly specifying these authorizations, the clause helps prevent unauthorized actions and ensures that all parties understand the extent of each partner's powers, thereby reducing the risk of disputes and unauthorized commitments.
PARTNER AUTHORIZATION. We authorize you as an HPE Tier-2 Partner subject to the terms of this Addendum and the HPE Partner Agreement. A Tier-2 Partner purchases HPE products, services and support indirectly from us, through HPE authorized Tier-1 Partners in the Territory, for re-sale to end- user customers in the Territory. If you are also authorized as an HPE Tier-2 Sub-Distributor you are able to resell to other resellers in the Territory for that reseller’s re-sale to end-user customers in that Territory. You have no authority to represent, act for, bind or commit us. Further this Agreement does not establish a direct selling arrangement between you and us unless the transaction is specifically authorized by HPE in writing.
PARTNER AUTHORIZATION. The execution, delivery and performance of this Agreement and the Standstill Agreement and the consummation by such Partner of the transactions contemplated hereby and thereby have been duly authorized by such Partner (and if necessary, by any stockholders or partners of such Partner). This Agreement has been and the Standstill Agreement will be as of the Closing Date duly and validly executed and delivered by such Partner and constitutes or will constitute a valid and binding agreement of such Partner, enforceable against such Partner in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer and other similar laws affecting creditors' rights generally from time to time in effect and to general principles of equity, including concepts of materiality, reasonableness, good faith and fair dealing, regardless of whether in a proceeding at equity or at law).