The Authorization Letter to Sell is a critical document used in Hong Kong business transactions when a principal needs to delegate authority to an agent to conduct sales on their behalf. This document is particularly relevant when the principal cannot personally conduct sales transactions due to various reasons such as geographical constraints, time limitations, or business efficiency requirements. The letter must comply with Hong Kong's legal framework, particularly the Powers of Attorney Ordinance and Contract and Rights of Third Parties Ordinance. It includes essential elements such as party details, scope of authority, duration, and specific sales parameters. The Authorization Letter to Sell can be used for various purposes, from one-time specific transactions to ongoing sales authority, and may require witness signatures or notarization depending on the nature and value of the transactions involved.
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1. Date: Current date of the authorization letter
2. Principal's Details: Full name, address, and identification details of the person granting the authorization
3. Agent's Details: Full name, address, and identification details of the person being authorized to sell
4. Subject Matter: Clear description of what is being authorized for sale (property, goods, etc.)
5. Scope of Authority: Specific powers being granted to the agent, including any limitations or restrictions
6. Duration: Time period for which the authorization is valid
7. Governing Law: Statement that the letter is governed by Hong Kong law
8. Principal's Signature: Space for principal's signature and details
9. Witness Section: Space for witness signature and details
1. Commission Structure: Include when the agent will receive commission for the sale
2. Revocation Clause: Include when specific conditions for revocation need to be outlined
3. Substitute Agent Clause: Include when the agent is permitted to appoint a substitute
4. Indemnification: Include when specific indemnification provisions are required
5. Special Instructions: Include when there are specific conditions or instructions for the sale
6. Language Declaration: Include when the letter needs to be in multiple languages
1. Schedule 1 - Property/Goods Description: Detailed description of the items or property authorized for sale
2. Schedule 2 - Pricing Guidelines: Minimum/maximum pricing parameters and conditions
3. Schedule 3 - Required Documents: List of documents needed to complete the sale
4. Appendix A - Copy of Principal's ID: Certified copy of principal's identification document
5. Appendix B - Agent's Credentials: Relevant licenses or credentials of the agent if applicable
Relevant legal definitions
Clauses
Authorization Grant
Scope of Authority
Duration
Sale Terms
Price Parameters
Commission
Reporting Requirements
Confidentiality
Indemnification
Limitation of Authority
Termination
Governing Law
Revocation
Substitute Authorization
Liability
Notice Requirements
Force Majeure
Dispute Resolution
Execution and Witness
Scope of Authority
Duration
Sale Terms
Price Parameters
Commission
Reporting Requirements
Confidentiality
Indemnification
Limitation of Authority
Termination
Governing Law
Revocation
Substitute Authorization
Liability
Notice Requirements
Force Majeure
Dispute Resolution
Execution and Witness
Relevant Industries
Real Estate
Retail
Automotive
Financial Services
Import/Export
Manufacturing
Art and Collectibles
Professional Services
Consumer Goods
Industrial Equipment
Relevant Teams
Legal
Sales
Operations
Compliance
Administrative
Corporate Secretarial
Business Development
Contract Management
Risk Management
Relevant Roles
Sales Manager
Business Development Director
Legal Counsel
Company Secretary
Chief Executive Officer
Operations Manager
Procurement Manager
Regional Sales Director
Compliance Officer
Contract Administrator
General Manager
Sales Representative
Business Owner
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