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Letters Of Authority
"I need a Letter of Authority for our Hong Kong subsidiary to authorize our Finance Director to manage all banking transactions and relationships from January 1, 2025, to December 31, 2025, with the power to delegate authority to two designated finance managers in case of absence."
1. Principal's Details: Full legal name, identification details, and contact information of the person granting authority
2. Agent's Details: Full legal name, identification details, and contact information of the person being granted authority
3. Scope of Authority: Clear and specific description of the powers being granted and any limitations
4. Duration: Specific timeframe for which the authority is valid, including start date and end date or conditions
5. Governing Law: Statement that the letter is governed by Hong Kong law
6. Execution: Signature block with date and witness requirements
1. Revocation Terms: Include when specific conditions for revocation need to be outlined beyond standard legal provisions
2. Multiple Agents: Required when authority is granted to more than one agent, specifying if they can act jointly or severally
3. Specific Transactions: Include when authority is limited to specific transactions or dealings
4. Substitute Agent Provisions: Include when the agent needs power to delegate authority to others
5. Indemnification: Include when specific indemnification provisions are needed beyond standard legal protections
1. Schedule of Specific Powers: Detailed list of specific powers and authorities granted, particularly useful for complex authorizations
2. Schedule of Assets: List of specific assets or accounts covered by the authority, if applicable
3. Schedule of Restricted Activities: List of specifically prohibited actions or limitations on the agent's authority
4. Specimen Signatures: Authentication of signatures of principal and agent(s)
Authors
Agent
Authority
Effective Date
Termination Date
Authorized Actions
Governing Law
Restricted Activities
Specified Period
Authorized Transactions
Delegated Powers
Revocation Notice
Territory
Authorized Representatives
Specimen Signature
Witness
Substitute Agent
Joint Authority
Several Authority
Notarial Acts
Scope of Authority
Duration
Powers Granted
Limitations and Restrictions
Revocation
Indemnification
Governing Law
Execution
Witness Requirements
Delegation of Powers
Substitute Appointment
Notice Requirements
Third Party Rights
Ratification
Multiple Agents
Liability
Termination
Authentication
Acceptance
Banking and Financial Services
Real Estate
Legal Services
Insurance
Healthcare
Investment Management
Corporate Services
Retail
Import/Export
Professional Services
Education
Non-profit Organizations
Legal
Compliance
Risk Management
Corporate Secretarial
Operations
Executive Management
Human Resources
Finance
Administrative Services
Document Control
Business Development
Legal Counsel
Corporate Secretary
Compliance Officer
Risk Manager
Banking Officer
Property Manager
Business Development Manager
Operations Director
Chief Executive Officer
Chief Financial Officer
Human Resources Director
Estate Administrator
Investment Manager
Power of Attorney Administrator
Document Control Officer
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