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Authorization Agreement

Authorization Agreement Template for Switzerland

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Key Requirements PROMPT example:

Authorization Agreement

"I need a Swiss Authorization Agreement for our company to authorize our Regional Director to represent us and make decisions for our new Zurich office starting March 1, 2025, including the power to enter into contracts up to CHF 500,000 and manage local staff."

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Document background
The Authorization Agreement serves as a crucial legal instrument under Swiss law for delegating specific powers and authorities from one party to another. This document type is essential when an individual or entity (the principal) needs to authorize another party (the agent) to act on their behalf, whether for business transactions, financial matters, or other specific purposes. The agreement carefully outlines the scope of authority, responsibilities, and limitations, ensuring compliance with Swiss legal requirements, particularly the Swiss Code of Obligations and relevant regulatory frameworks. Common use cases include corporate representation, asset management, real estate transactions, and business operations. The Authorization Agreement is particularly valuable in Switzerland's international business environment, where clear delegation of authority and legal certainty are paramount.
Suggested Sections

1. Parties: Identification of the principal (authorizing party) and the agent (authorized party), including full legal names, addresses, and any registration numbers

2. Background: Context of the authorization and the relationship between the parties

3. Definitions: Key terms used throughout the agreement

4. Scope of Authorization: Detailed description of the powers being granted and their limitations

5. Duration: Term of the authorization, including start date and end date or conditions for termination

6. Duties and Obligations: Responsibilities of the agent when exercising the authorization

7. Revocation and Termination: Conditions under which the authorization can be revoked or terminated

8. Liability: Extent of agent's liability and any limitations thereof

9. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes

10. Signatures: Execution block for both parties

Optional Sections

1. Sub-Authorization: Include when the agent may need to delegate authority to others

2. Compensation: Include when the agent will receive payment for their services

3. Reporting Requirements: Include when the agent must provide regular updates or reports

4. Confidentiality: Include when the agent will have access to confidential information

5. Data Protection: Include when personal data processing is involved

6. Insurance: Include when specific insurance coverage is required for the authorized activities

7. Conflict of Interest: Include when there's potential for conflicts in the agent's role

Suggested Schedules

1. Schedule 1 - Specific Powers: Detailed list of specific actions the agent is authorized to perform

2. Schedule 2 - Authorized Persons: List of specific individuals authorized to act (if applicable)

3. Schedule 3 - Reporting Template: Standard format for required reports (if applicable)

4. Appendix A - Required Documentation: Copies of identification documents or other required certificates

5. Appendix B - Power of Attorney Form: Standard form for use with third parties

6. Appendix C - Fee Schedule: Detailed breakdown of fees and expenses (if applicable)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Financial Services

Banking

Insurance

Legal Services

Real Estate

Corporate Services

Investment Management

Healthcare

Manufacturing

International Trade

Professional Services

Wealth Management

Education

Technology

Pharmaceutical

Relevant Teams

Legal

Compliance

Corporate Governance

Finance

Operations

Risk Management

Business Development

Administrative

Executive Office

Investment

Asset Management

Corporate Affairs

Human Resources

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Legal Counsel

Compliance Officer

Corporate Secretary

Managing Director

Board Member

Asset Manager

Power of Attorney Holder

Trust Officer

Operations Manager

Financial Controller

Risk Manager

Department Head

Regional Manager

Business Development Manager

Account Manager

Property Manager

Industries
Swiss Code of Obligations (OR): Primary source of Swiss contract law governing formation, content, and termination of contracts, including specific provisions on agency and authorization (Articles 32-40 OR for direct representation and Articles 394-406 OR for mandate relationships)
Swiss Civil Code (ZGB): Contains fundamental principles of Swiss law, including provisions on legal capacity and exercise of civil rights (Articles 11-19 ZGB), which are essential for determining who can give and receive authorization
Federal Act on Data Protection (FADP): Relevant if the authorization involves handling of personal data or if the authorized party will have access to personal information
Commercial Register Ordinance: Applicable if the authorization involves commercial representation or requires registration in the commercial register
Federal Act on Electronic Signatures (ZertES): Relevant if the authorization agreement will be signed electronically or if electronic signatures will be used in executing the authorized actions
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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