Delegation of Authority and Signature Authorization Policy


Summary

This template Delegation of Authority and Signature Authorization Policy defines the scope and limits of authority for officers and employees to approve and enter into contracts and agreements on behalf of a company, including which officers and employees are authorized to enter into specific types of contracts, as well as the general responsibilities required for review and approval. This template includes practical guidance and drafting notes. This template policy assumes that the company has a typical corporate structure, with a board of directors and executive officers, including a chief executive officer and a legal and/or compliance department, and engages in a business that requires entering into purchase agreements and sales agreements. As each company is different, counsel should modify this template as necessary to address the concerns of the company’s business, operations, concerns, risk appetite, compliance obligations, and any other state or local laws that may apply. For ...