Entity Power and Capacity Sample Clauses
The Entity Power and Capacity clause establishes that each party entering into the agreement has the legal authority and ability to do so. It typically requires each entity to confirm that it is duly organized, validly existing, and has obtained all necessary approvals to execute and perform its obligations under the contract. This clause ensures that all parties are legally capable of being bound by the agreement, thereby reducing the risk of future disputes over a party’s authority or legal standing.
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Entity Power and Capacity. The Seller has the entity power, authority and capacity to own or lease its assets, including the Purchased Assets, and to carry on the Business as now being conducted by it.
Entity Power and Capacity. The Seller and Shareholders have the entity power, authority and capacity to own or lease its assets, including the Purchased Assets, and to carry on the Business as now being conducted by it. Asset Purchase Agreement, MTBC & WFS 3