The Authorization Agreement serves as a fundamental legal instrument under Hong Kong law for delegating authority from one party (the principal) to another (the agent). This document type is essential when an individual or organization needs to authorize another party to act on their behalf, whether for specific transactions, ongoing business operations, or legal matters. The Authorization Agreement clearly defines the scope of delegated powers, responsibilities, and limitations, ensuring compliance with Hong Kong's legal framework, including the Contracts Ordinance and agency laws. It's particularly valuable for businesses operating in Hong Kong's dynamic commercial environment, providing legal certainty and protection for both the principal and the authorized agent while facilitating efficient business operations through proper delegation of authority.
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1. Parties: Identifies and defines the principal and authorized agent, including full legal names and addresses
2. Background: Explains the context and purpose of the authorization agreement
3. Definitions: Defines key terms used throughout the agreement
4. Appointment and Scope of Authority: Details the specific powers and authority being granted to the agent
5. Duration: Specifies the term of the authorization, including start date and end date or conditions for termination
6. Duties and Responsibilities: Outlines the obligations and responsibilities of the authorized agent
7. Principal's Rights and Obligations: Details the rights and obligations of the principal
8. Remuneration: Specifies any fees, commissions, or compensation for the authorized agent
9. Termination: Sets out the circumstances and process for terminating the authorization
10. Governing Law and Jurisdiction: Confirms Hong Kong law as governing law and specifies jurisdiction for disputes
11. Execution: Signature blocks and execution requirements
1. Sub-delegation: Include when the agent needs the ability to delegate authority to others
2. Confidentiality: Include when the agent will have access to confidential information
3. Indemnification: Include when specific indemnification provisions are needed beyond standard liability
4. Insurance: Include when the agent needs to maintain specific insurance coverage
5. Reporting Requirements: Include when the agent needs to provide regular reports to the principal
6. Conflict of Interest: Include when there's potential for conflicts of interest
7. Electronic Authorization: Include when authorization may be given or activities conducted electronically
1. Schedule 1 - Scope of Authority: Detailed list of specific actions and decisions the agent is authorized to make
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, commissions, or other compensation
3. Schedule 3 - Reporting Template: Standard format for required reports from agent to principal
4. Appendix A - Required Documentation: List of documents required for agent to act on principal's behalf
5. Appendix B - Authorized Territories: Geographic areas where the authorization is valid, if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Real Estate
Legal Services
Healthcare
Import/Export
Manufacturing
Retail
Technology
Professional Services
Education
Construction
Logistics
Relevant Teams
Legal
Compliance
Corporate Secretarial
Operations
Finance
Human Resources
Procurement
Sales
Business Development
Risk Management
Administration
Relevant Roles
Chief Executive Officer
Managing Director
Legal Counsel
Compliance Officer
Company Secretary
Operations Manager
Procurement Manager
Sales Director
Human Resources Director
Finance Manager
Business Development Manager
Regional Manager
Project Manager
Department Head
Authorized Representative
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