Contract Authorization

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/ˈkɑnˌtrækt ˌɔθərəˈzeɪʃən/

To prevent loss, do not sign any contract or authorization such as bank authorization if you are in doubt.
The civil law system, based on the Theory of Differentiation, strictly distinguishes entrusted contract from authorization of agency power, which emphasizes on the external relations of agency and lays emphasis on the safety of a third party.
The auditor then has access to the board resolution, the contract, the source authorization, invoice, work certification, and canceled cheque.
At a minimum, the existence of a contract would serve as an authorization check; without a valid contract, the service cannot be invoked.
Policy-holder should be fulfilled adequately oneself fill an insurance application and the right that sign personally, fill an insurance application and should restrict action autograph is policy-holder, it is the first requirement of contract become effective, unless legal authorization, cannot sign by other generation otherwise.

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