The Partnership Authority Letter is a critical business document used in Malaysian partnerships when there is a need to formally delegate authority to specific partners. This document is essential when partners need to act on behalf of the partnership in various capacities, such as entering into contracts, managing bank accounts, or handling specific business operations. The letter must comply with Malaysian partnership law, particularly the Partnership Act 1961, and should be properly executed to ensure legal validity. It's commonly used when partners need to divide responsibilities, during temporary absences of managing partners, or when specific expertise of certain partners needs to be formally recognized. The document typically includes detailed specifications of the granted authority, any limitations, and the duration of the powers conferred.
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1. Date and Location: Clear statement of the date and place of issuance of the authority letter
2. Partnership Details: Full legal name of the partnership, registration number, and principal place of business
3. Partner Identification: Details of the partner(s) granting the authority and the partner(s) receiving the authority
4. Scope of Authority: Clear and specific description of the powers and authority being granted
5. Duration: Period for which the authority is valid, including start date and end date if applicable
6. Limitations: Any specific restrictions or limitations on the authority granted
7. Execution Details: Signature blocks for authorized partners, witnesses, and company seal if applicable
1. Regulatory Compliance: Include when the partnership operates in regulated industries requiring specific compliance statements
2. Revocation Clause: Include when there's a need to specify conditions under which the authority can be revoked
3. Indemnification: Include when there's a need to protect the partnership from actions taken by the authorized partner
4. Governing Law: Include when the authority might be used in multiple jurisdictions
5. Language Declaration: Include when the letter might be used in international contexts or where multiple languages are involved
1. Schedule A - Detailed Powers: Comprehensive list of specific powers and authorities granted
2. Schedule B - Authorized Transactions: List of specific transactions or monetary limits for which the authority is valid
3. Schedule C - Partnership Assets: List of partnership assets over which authority is granted, if applicable
4. Appendix 1 - Partner Information: Detailed information about all partners including ID/passport numbers and contact details
5. Appendix 2 - Partnership Registration: Copy of partnership registration certificate and relevant business licenses
Relevant legal definitions
Clauses
Relevant Industries
Professional Services
Retail
Construction
Real Estate
Manufacturing
Trading
Consulting
Healthcare
Technology
Agriculture
Food and Beverage
Transportation and Logistics
Education
Relevant Teams
Legal
Compliance
Operations
Finance
Administration
Corporate Secretarial
Risk Management
Business Development
Executive Leadership
Relevant Roles
Managing Partner
Partner
Legal Counsel
Company Secretary
Business Development Manager
Operations Director
Chief Executive Officer
Chief Financial Officer
Contract Manager
Compliance Officer
Risk Manager
General Manager
Business Owner
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