Each board of directors wants to be careful about who they are responsible for signing the authority, as these people can enter into legally binding contracts with other parties. This is why this power is usually limited to trusted business leaders. However, in a large company with many offices, some employees may be limited to the authority to sign certain contracts. For example, the director of human resources may obtain the authority to enter into employment contracts with employees. Or the sales manager may have the authority to sign sales contracts. Use this decision if the directors of a company wish to authorize the conclusion of the company`s contract. In addition, the company secretary or any other executive of the company, and not the person who obtains the signing authority, must sign the certification of dissolution of the company. The decision must also contain the exact text of the decision approved by the Management Board. All contracts subsequently signed by authorized parties must be signed by name exactly as indicated in the authorization of the Board of Directors. Fortunately, there is a simple formula for writing corporate decisions for the signature of authorities who tick all the boxes and ensure that the wishes of your board of directors are satisfied when it comes to knowing which executives and employees have the power to act on behalf of the company. These features include the following: this document assumes that the directors sign a written decision instead of holding a meeting of the board of directors. As such, it must be signed by all directors of the company.
„DECIDED that the agreement of the Board of Directors for the execution of an agreement shall be given in accordance with the draft contract between the enterprise submitted before the meeting and initialled by the President for identification purposes and for a period of one year or years. DECIDES that the Board of Directors is authorized and authorized to authorize and authorize the next person to make, execute, approve and deliver, on behalf of and on behalf of the enterprise, but not limited to all instruments, agreements, written documents, executions of acts, powers, transfers, assignments, contracts, obligations, certificates and other instruments of any kind; which have been received by that company….