Example ContractsClausesauthorization of agreementVariants
Authorization of Agreement
Authorization of Agreement contract clause examples

Due Authorization. The [[Organization B:Organization]] has the legal capacity and authority to enter into this Agreement. All actions on the [[Organization B:Organization]]’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of the [[Organization B:Organization]] hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of the [[Organization B:Organization]] enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. [[Organization A:Organization]] has the legal capacity and authority to enter into this Agreement. All actions on [[Organization A:Organization]]’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of [[Organization A:Organization]] hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of [[Organization A:Organization]] enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. The has the legal capacity and authority to enter into this Agreement. All actions on the ’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of the hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of the enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. has the legal capacity and authority to enter into this Agreement. All actions on ’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. The has the legal capacity and authority to enter into this Agreement. All actions on the ’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of the hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of the enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. has the legal capacity and authority to enter into this Agreement. All actions on ’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. has the legal capacity and authority to enter into this Agreement. All actions on ’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Due Authorization. The Purchaser has the legal capacity and authority to enter into this Agreement. All actions on the Purchaser’s part necessary for the authorization, execution and delivery of this Agreement and the performance of the obligations of the Purchaser hereunder in the purchase of the Shares has been taken, and this Agreement constitutes a valid and legal binding obligation of the Purchaser enforceable in accordance with its terms, except # as limited by applicable bankruptcy, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, and # as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies.

Section # Authorization, Enforcement, Compliance with Other Instruments. [[Organization B:Organization]] has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and the other Transaction Documents and to issue the Shares in accordance with the terms hereof and thereof. The execution and delivery by [[Organization B:Organization]] of this Agreement and the other Transaction Documents, and the consummation by [[Organization B:Organization]] of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Shares) have been or (with respect to consummation) will be duly authorized by [[Organization B:Organization]]’s board of directors and no further consent or authorization will be required by [[Organization B:Organization]] or its board of directors. This Agreement and the other Transaction Documents to which [[Organization B:Organization]] is a party have been (or, when executed and delivered, will be) duly executed and delivered by [[Organization B:Organization]] and, assuming the execution and delivery thereof and acceptance by [[Organization A:Organization]], constitute (or, when duly executed and delivered, will be) the legal, valid and binding obligations of [[Organization B:Organization]], enforceable against [[Organization B:Organization]] in accordance with their respective terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or other laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies and except as rights to indemnification and to contribution may be limited by federal or state securities law.

[[Organization B:Organization]] has all requisite power and authority to execute, deliver and perform [[Organization B:Organization]]’s obligations under this Agreement. Assuming the due authorization, execution and delivery hereof by the other Parties, this Agreement constitutes valid and legally binding obligations of [[Organization B:Organization]], enforceable in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting the rights of creditors generally, and the availability of equitable remedies.

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