Signature Authorization Form

Signature Authorization Form Template for Austria

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Key Requirements PROMPT example:

"I need a Signature Authorization Form for our new Finance Director, allowing them to sign banking documents and contracts up to €500,000, with the authorization period starting from January 15, 2025, requiring joint signature with either the CEO or CFO for amounts over €250,000."

Document background

The Signature Authorization Form (Unterschriftsberechtigungsformular) is a critical document in Austrian business operations that establishes and formalizes the delegation of signing authority within organizations or for specific purposes. This document is essential when companies need to authorize specific individuals to sign documents, enter into agreements, or conduct transactions on behalf of the organization. Under Austrian law, particularly the ABGB (Austrian Civil Code) and UGB (Commercial Code), such authorizations must be clearly documented and often require formal authentication. The form typically includes comprehensive details about the scope of authority, any limitations or conditions, and may require notarization depending on its intended use. It's particularly important for banking relationships, corporate governance, and regulatory compliance.

Suggested Sections

1. Header Information: Company letterhead, date, reference number, and document title

2. Authorizing Party Details: Full legal name, position, company details of the person/entity granting the signature authorization

3. Authorized Person Details: Full legal name, position, identification details of the person being granted signature authority

4. Scope of Authorization: Clear definition of the extent and limitations of the signing authority, including transaction types and value limits

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

6. Specimen Signature: Space for the authorized person's signature specimen

7. Authentication: Formal authentication section including notarization if required

8. Execution Block: Signature blocks for both the authorizing party and authorized person

Optional Sections

1. Joint Signature Requirements: Include when the authorization requires joint signatures with other authorized persons

2. Financial Limits: Include when there are specific monetary thresholds for the authorization

3. Geographic Scope: Include when the authorization is limited to specific jurisdictions or locations

4. Special Conditions: Include when there are specific conditions or restrictions on the use of the authorization

5. Reporting Requirements: Include when the authorized person must report on signatures made under this authority

6. Revocation Process: Include when specific revocation procedures need to be outlined

Suggested Schedules

1. Appendix A - Identification Documents: Copies of identification documents of the authorized person

2. Appendix B - Corporate Resolution: Copy of corporate resolution or board decision authorizing the delegation of signing authority

3. Appendix C - Specific Authorizations: Detailed list of specific transactions or document types covered by the authorization

4. Appendix D - Signature Specimens: Additional signature specimens if required for different types of documents

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 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

Legal Services

Corporate Services

Insurance

Real Estate

Manufacturing

Retail

Healthcare

Technology

Professional Services

Public Sector

Energy

Telecommunications

Relevant Teams

Legal

Finance

Corporate Governance

Executive Office

Treasury

Procurement

Human Resources

Operations

Administration

Compliance

Risk Management

Relevant Roles

Chief Executive Officer

Managing Director

Chief Financial Officer

Board Member

Department Head

Authorized Signatory

Legal Counsel

Corporate Secretary

Finance Manager

Branch Manager

Operations Director

Procurement Manager

Human Resources Director

Regional Manager

Treasury Manager

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Authors

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