Due authorisation; Enforceability Clause Samples
The 'Due authorisation; Enforceability' clause confirms that each party entering into the agreement has the legal authority and proper approvals to do so, and that the agreement is legally binding on them. In practice, this means that the individuals signing the contract are acting within their powers, such as being duly appointed company officers, and that the contract will be recognized and enforceable in court. This clause serves to reassure all parties that the agreement is valid and enforceable, reducing the risk of future disputes over authority or legal standing.
Due authorisation; Enforceability. The Agreement has been duly authorised and executed by the Beneficiary. The Agreement constitutes and will constitute valid and legally binding obligations of the Beneficiary, enforceable in accordance with its terms.
Due authorisation; Enforceability. This Agreement has been duly authorised and executed by each of the Issuer and the Stakeholder, and constitutes a valid and legally binding obligation of each of the Issuer and the Stakeholder, enforceable in accordance with its terms.
Due authorisation; Enforceability. This Agreement has been duly authorised and executed by the Company and constitutes valid and legally binding obligations of the Company, enforceable in accordance with its terms.