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Legal AgreementsIndemnity & Compensation

Letter of Authorization to Negotiate

This template is a formal letter used to grant an individual or entity the authority to negotiate on behalf of the signatory company for a specific purpose or transaction.

Updated 15d ago
authorizationnegotiationmandaterepresentationSouth Africabusiness

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

DATE

{{date}}

TO WHOM IT MAY CONCERN

This letter serves to formally authorize {{authorized_person_company_name}}, represented by {{authorized_person_name}} (Identification/Passport Number: {{authorized_person_id_passport_number}}), located at {{authorized_person_address}}, hereinafter referred to as "the Authorized Party".

SUBJECT: LETTER OF AUTHORIZATION TO NEGOTIATE

We, {{company_name}}, located at {{company_address}}, hereby formally authorize the above-mentioned Authorized Party to negotiate on our behalf with regard to {{purpose_of_negotiation}} with {{third_party_name_company_name}} for the period commencing on {{start_date}} and ending on {{end_date}}.

SCOPE OF AUTHORITY

The Authorized Party is hereby granted the authority to discuss, propose, and negotiate terms and conditions related to {{specific_details_of_negotiation}}. This authority includes, but is not limited to, the ability to:

- Present our company's proposals and counter-proposals.

- Discuss pricing, delivery schedules, and payment terms.

- Exchange relevant information necessary for the negotiation process.

Any proposed agreements or final commitments must be referred back to {{company_name}} for final approval and signature.

LIMITATIONS AND INSTRUCTIONS

This authorization is strictly limited to negotiation purposes. The Authorized Party is not authorized to sign any binding agreements, contracts, or make any financial commitments on behalf of {{company_name}} without our prior written consent. The Authorized Party must operate within the parameters and guidelines verbally and/or jointly communicated by {{representative_name}}.

INDEMNITY

{{company_name}} shall not be liable for any actions, omissions, or expenses incurred by the Authorized Party beyond the scope of this authorization. The Authorized Party agrees to indemnify and hold harmless {{company_name}} against any claims, liabilities, damages, or expenses arising from any unauthorized actions.

CONFIDENTIALITY

The Authorized Party agrees to maintain strict confidentiality regarding all information, documents, and discussions shared during the negotiation process. This obligation of confidentiality shall survive the termination of this authorization.

TERMINATION OF AUTHORITY

This authorization may be revoked by {{company_name}} at any time with written notice to the Authorized Party. Upon termination, the Authorized Party shall immediately cease all negotiation activities on our behalf and return all company-related documents.

GOVERNING LAW

This Letter of Authorization shall be governed by and construed in accordance with the laws of {{country_state_province_of_governance}}.

SIGNATURE

Yours faithfully,

_______________________

{{authorized_signatory_name}}

{{authorized_signatory_title}}

For and on behalf of {{company_name}}

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