Simple English definitions for legal terms
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Signatory authority refers to the permission given to someone to make important decisions, such as withdrawing money from a bank account or transferring ownership of something valuable. It can also refer to the power of an examiner to approve certain actions related to patents. Essentially, signatory authority is the ability to make important choices and take actions that have significant consequences.
Definition: Signatory authority refers to the permission given to an individual or entity to make decisions and take actions on behalf of a group or organization. This can include the ability to withdraw money from an account, transfer funds, or sign legal documents.
Examples:
These examples illustrate how signatory authority can be granted to individuals or entities to act on behalf of a larger group or organization. It is important for those with signatory authority to use their power responsibly and in accordance with any applicable laws or regulations.