Legally Authorized Clause Samples
The 'Legally Authorized' clause defines the requirement that any actions, permissions, or obligations under the agreement must be carried out by individuals or entities who have the legal authority to do so. In practice, this means that only those with proper legal standing—such as officers of a corporation, authorized agents, or individuals of legal age—can enter into, modify, or enforce the contract. This clause ensures that all contractual activities are valid and enforceable, preventing disputes that could arise from unauthorized or invalid actions.
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Legally Authorized. Each Party represents that it is competent to enter into this Agreement and has the requisite authority to enter into this Agreement. No Party has agreed or promised to do or omit to do any act or thing not herein set forth, and the Parties further understand that a purpose of this Agreement is to compromise and terminate all Claims of whatever nature, known or unknown, held by Executive.
Legally Authorized. The Borrower and the Founding Shareholder have the right to execute, deliver and perform this Agreement. All necessary internal authorizations as regards the aforesaid issues have been obtained and will maintain effective. All representatives to sign on this Agreement and relevant legal documents have duly obtained the legal authorizations from the Borrower and the Founding Shareholder.