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Authorization Note

Authorization Note Template for Austria

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Key Requirements PROMPT example:

Authorization Note

"I need an Authorization Note under Austrian law that grants my CFO the power to represent our company in all banking matters and execute financial documents on behalf of the company from January 1, 2025, to December 31, 2025."

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Document background
The Authorization Note (Vollmacht) is a crucial legal instrument in Austrian legal practice, used to delegate authority from one party to another. This document is essential when an individual or entity needs someone else to act on their behalf, whether for specific transactions, general business operations, or personal matters. The authority granted can range from limited specific powers to broad general powers, and the document must comply with Austrian Civil Code requirements. Typically used in situations such as business transactions, property dealings, administrative proceedings, or when the principal is unavailable or unable to act personally. The document must clearly specify the scope of authority, duration, and any limitations to ensure proper understanding and enforcement under Austrian law.
Suggested Sections

1. Title and Date: Clear identification of the document as an Authorization Note (Vollmacht) and the date of execution

2. Principal Details: Full name, address, and identification details of the person/entity granting the authority

3. Attorney Details: Full name, address, and identification details of the person/entity receiving the authority

4. Scope of Authority: Detailed description of the powers being granted and specific actions the attorney is authorized to perform

5. Duration: Specification of the time period for which the authorization is valid

6. Signature Block: Space for the principal's signature, date, and any required witnessing or notarization

Optional Sections

1. Substitution Rights: Section specifying whether the attorney has the right to delegate their authority to others. Include when delegation might be necessary.

2. Revocation Clause: Specific terms regarding how the authorization can be revoked. Include when specific revocation procedures are desired.

3. Multiple Attorneys Clause: Section defining whether multiple attorneys must act jointly or can act independently. Include when there are multiple attorneys.

4. Specific Limitations: Any specific restrictions or limitations on the attorney's authority. Include when the authority needs to be restricted in certain ways.

5. Liability Provisions: Provisions regarding the attorney's liability. Include in cases of significant responsibility or risk.

6. Governing Law: Explicit statement of Austrian law application. Include when the authorization might be used internationally.

Suggested Schedules

1. List of Specific Powers: Detailed enumeration of specific powers granted, particularly useful for complex authorizations

2. Specimen Signature: Sample signature of the attorney for verification purposes

3. Identity Documents: Copies of identification documents of the principal and/or attorney

4. Corporate Resolution: If the principal is a company, the corporate resolution authorizing the granting of the power of attorney

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions




















Clauses




















Relevant Industries

Banking and Financial Services

Real Estate

Healthcare

Legal Services

Manufacturing

Retail

Insurance

Construction

Transportation and Logistics

Professional Services

Education

Public Administration

Non-profit Organizations

Technology and Software

Energy and Utilities

Relevant Teams

Legal

Compliance

Corporate Secretariat

Executive Management

Human Resources

Risk Management

Operations

Administration

Finance

Business Development

Relevant Roles

Legal Counsel

Corporate Secretary

Managing Director

Chief Executive Officer

Chief Financial Officer

Operations Manager

Human Resources Director

Compliance Officer

Risk Manager

Board Member

Property Manager

Business Development Manager

Account Manager

Administrative Officer

Department Head

General Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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