The Third Party Authorization Letter is a crucial legal instrument in Swiss business and personal affairs, commonly used when an individual or entity needs to delegate specific powers or responsibilities to another party. This document becomes necessary in various situations, such as business transactions, property dealings, administrative proceedings, or when personal matters need to be handled by a representative. Under Swiss law, particularly governed by the Swiss Code of Obligations and Civil Code, the authorization letter must clearly specify the scope of powers, duration, and limitations of the authority granted. The document serves as legal evidence of the authorized party's right to act on behalf of the principal and is often required by banks, government agencies, and other institutions to verify the legitimacy of third-party actions.
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1. Date and Place: Current date and location where the letter is executed
2. Principal Details: Full name, address, and identification details of the person/entity granting the authorization
3. Authorized Party Details: Full name, address, and identification details of the person/entity being authorized
4. Scope of Authorization: Clear and specific description of the powers being granted and their limitations
5. Duration: Time period for which the authorization is valid
6. Principal's Declaration: Formal statement confirming the granting of authorization and accepting responsibility for authorized actions
7. Signature Block: Space for principal's signature, witness signatures if required, and any necessary authentication
1. Revocation Clause: Include when the principal wants to explicitly state conditions under which the authorization can be revoked
2. Substitute Authorization: Include when the authorized party needs the power to delegate authority to others
3. Governing Law Statement: Include when the authorization might be used across different jurisdictions
4. Language Declaration: Include when the document is bilingual or might be used internationally
5. Notarization Block: Include when official authentication is required or the authorization will be used for formal proceedings
1. List of Specific Powers: Detailed enumeration of specific actions the authorized party can take
2. Identity Documents: Copies of identification documents of both principal and authorized party
3. Supporting Documents: Any additional documents supporting the need for authorization or specifying its context
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Real Estate
Legal Services
Healthcare
Insurance
Manufacturing
Retail
Transportation and Logistics
Education
Construction
Technology
Professional Services
Government and Public Sector
Relevant Teams
Legal
Compliance
Corporate Secretariat
Human Resources
Operations
Finance
Risk Management
Administrative Support
Executive Office
Procurement
Relevant Roles
Legal Counsel
Compliance Officer
Corporate Secretary
Business Administrator
Human Resources Manager
Property Manager
Operations Director
Financial Controller
Business Development Manager
Executive Assistant
Risk Manager
Contract Administrator
Company Director
Chief Executive Officer
Chief Financial Officer
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