Authorization Granted Sample Clauses
The 'Authorization Granted' clause serves to formally provide one party with the legal right or permission to perform certain actions or access specific resources as outlined in the agreement. Typically, this clause specifies the scope and limitations of the authorization, such as granting a vendor the right to use a company's intellectual property for marketing purposes or allowing an agent to act on behalf of a principal in business transactions. Its core practical function is to clearly delineate the extent of permitted activities, thereby preventing misunderstandings and ensuring that both parties are aware of the rights and boundaries established by the contract.
Authorization Granted. If authorization is granted, Merchant shall (where relevant) record on the transaction record the code number allocated to the authorization.
