SELLER AUTHORISED Clause Samples
The 'Seller Authorised' clause establishes that the seller has the legal authority to enter into and perform the obligations set out in the agreement. In practice, this means the seller confirms they have obtained all necessary internal approvals, consents, or corporate actions required to execute the contract and carry out the transaction. This clause is essential for ensuring that the buyer can rely on the seller’s capacity to complete the deal, thereby reducing the risk of future disputes over the seller’s authority or the validity of the agreement.
SELLER AUTHORISED. The Seller has taken all necessary action to authorise the execution, delivery and performance of this agreement in accordance with its terms and is validly existing and in good standing.