The Partnership Authority Letter is a crucial governance document used when a partnership needs to formally delegate specific powers to one of its partners. Under Singapore law, while partners generally have implicit authority to act for the partnership, this document provides explicit authorization for specific actions or decisions. The letter typically details the scope of authority, any limitations or conditions, and the duration of the granted powers. This formal documentation is particularly important for high-value transactions, regulatory compliance, and third-party dealings where clear evidence of authority is required. The Partnership Authority Letter helps protect all parties involved by clearly defining the parameters of the authorized partner's powers and responsibilities.
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1. Letter Date: Current date of the authority letter
2. Partnership Details: Full legal name and registration number of the partnership
3. Authorized Partner Information: Name and details of the partner being granted authority
4. Scope of Authority: Specific powers and limitations being granted
5. Duration: Period for which the authority is valid
6. Signature Block: Signatures of authorizing partners
1. Financial Limits: Specific monetary limits on authority, used when restricting financial decision-making power
2. Geographic Scope: Territorial limitations of authority, used for international or regional operations
3. Reporting Requirements: Specific reporting obligations, used for enhanced oversight
1. Partner Identification Documents: Copies of relevant identification documents of authorized partner
2. Partnership Agreement Extract: Relevant sections of partnership agreement supporting the authority
3. Business Registration Certificate: Copy of partnership's registration certificate
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