The Authorization Letter Money Claim is a crucial document in Hong Kong's legal and business landscape, designed to facilitate the delegation of authority for collecting monetary claims. This document becomes necessary when an individual or business entity needs to appoint a representative to handle money collection matters, whether due to practical constraints, business efficiency, or legal requirements. It draws its legal basis from Hong Kong's Powers of Attorney Ordinance (Cap. 31) and must be drafted with careful consideration of local legal requirements. The document typically includes detailed identification of all parties, specific powers granted, claim amounts, duration of authority, and any limitations on the representative's powers. It's particularly relevant in situations involving debt collection, insurance claims, contract payments, or other financial receivables where direct collection by the principal is not practical or desired.
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1. Date and Place: Current date and place of execution of the authorization letter
2. Authorizer Details: Full name, ID/passport number, and contact details of the person giving authorization
3. Authorized Party Details: Full name, ID/passport number, and contact details of the person being authorized
4. Purpose of Authorization: Clear statement of the specific money claim being authorized, including amount and origin of the claim
5. Scope of Authority: Detailed description of what actions the authorized person can take, including collecting money, signing receipts, negotiating, etc.
6. Duration of Authority: Specific period for which the authorization is valid
7. Signature Block: Space for authorizer's signature, witness signatures if required, and any necessary notarization
1. Revocation Clause: Include when the authorizer wants to explicitly state conditions under which the authorization can be revoked
2. Indemnification: Include when there's a need to protect the authorized party from potential claims or liabilities
3. Sub-delegation Rights: Include when the authorized party needs the right to delegate authority to others
4. Governing Law Statement: Include when the money claim involves cross-border elements
5. Chinese Translation: Include when the letter needs to be bilingual for local Hong Kong use
1. Details of Money Claim: Detailed breakdown of the claim amount, including any interest calculations or payment history
2. Supporting Documents: Copies of relevant documents proving the existence of the debt or money claim
3. Identification Documents: Copies of ID documents of both authorizer and authorized party
4. Original Debt Agreement: If applicable, copy of the original agreement or document that created the debt
5. Witness Statement: If required, signed statements from witnesses confirming the authorization
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Legal Services
Real Estate
Insurance
Professional Services
Manufacturing
Trading & Commerce
Construction
Retail
Investment & Securities
Relevant Teams
Legal
Finance
Accounts Receivable
Treasury
Compliance
Risk Management
Operations
Credit Control
Debt Recovery
Contract Administration
Relevant Roles
Legal Counsel
Financial Controller
Credit Manager
Collections Specialist
Accounts Receivable Manager
Company Secretary
Compliance Officer
Risk Manager
Treasury Manager
Business Development Manager
Contract Administrator
Debt Recovery Officer
Finance Director
Operations Manager
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