Identification of Parties and Execution Clause (Trusts)

Summary

The identification of parties and execution clause (trusts) is used to identify the parties to an agreement. These clauses ensure that each party to an agreement is clearly and unambiguously identified, setting out each party's correct full legal name and if not clear from a party's name, such party's status, or nature. This clause includes practical guidance and drafting notes. If a party commonly operates under a trade name, the inclusion of the trade name is helpful for identification purposes. Depending on the trust instrument, the trustee, as administrator of the trust, may execute a contract on the trust's behalf and for the benefit of the trust. The agreement can define the parties for referral purposes throughout the agreement. For a further explanation of identification of parties and execution clauses (trusts), see the practice note: Identification of Parties and Execution Clauses (Trusts). For additional information on contract execution considerations, see the practice ...