Contract question

  • Posted by a hidden member.
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    Aug 30, 2012 1:45 AM GMT
    Can someone sign a contract as the name of the company he represents?
    for instance


    COMPANY X

    _____________signature comes here


    arent you supposed to always put your name regardless for anything that youre signing?

  • Webster666

    Posts: 9217

    Aug 30, 2012 1:57 AM GMT

    You can't sign Company X's contract with "Company X."
    A contract has to be signed by a person, a representative of the company.
  • Posted by a hidden member.
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    Aug 30, 2012 2:28 AM GMT
    Webster666 said
    You can't sign Company X's contract with "Company X."
    A contract has to be signed by a person, a representative of the company.


    Thats what I thought, good thing I noticed that, thanks : )
  • Posted by a hidden member.
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    Aug 30, 2012 2:31 AM GMT
    LOL. This was a serious question? Thought you were trying to bring up the "corporation is/not a person" political debate. icon_lol.gif
  • Posted by a hidden member.
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    Aug 30, 2012 5:27 AM GMT
    Furthermore, you must be an authorized signatory of the corporation.
  • Posted by a hidden member.
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    Aug 30, 2012 5:35 AM GMT
    El_Crankodor said
    principal0 saidFurthermore, you must be an authorized signatory of the corporation.

    This, plus it has to be signed in blood.


    In triplicate.

    Get five phlebotomists, a gas truck full of orange juice, and three pallets of cookies. We need to execute a PSA.
  • Posted by a hidden member.
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    Aug 30, 2012 6:11 AM GMT
    Nobody ever likes my jokes. Sigh.
  • Posted by a hidden member.
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    Aug 30, 2012 7:22 AM GMT
    principal0 saidNobody ever likes my jokes. Sigh.


    try to work something about a notary in next time icon_wink.gif
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    Aug 30, 2012 7:34 AM GMT
    homastj said
    principal0 saidNobody ever likes my jokes. Sigh.


    try to work something about a notary in next time icon_wink.gif


    I'll be relying on you to vet all my material in the future. icon_wink.gif
  • demasi

    Posts: 76

    Aug 30, 2012 10:04 AM GMT
    It needs to be signed by a person with the legal capacity to enter into a contract.
    I.e Not a minor, not drunk.. not mentally disabled ... they have to do understand the effect of what they're doing.

    It's also a good idea to take a copy of their photo ID to ensure they sign as the person that they say they are (at least).

    Sometimes a person might sign 'Persons name on behalf of Company X', which is most common when a company is yet to be officially formed so prior to it being incorporated.

    And yes as someone said you need to be authorized,
    if the person isn't authorized then a bunch of sub issues in the law of agency arises.
    So there's a whole list of issues there whether they had express, implied or ostensible authority to do the act or whether the company later ratified the contract express or impliedly... but save that for the unlikely event of lawyers ;)

  • Posted by a hidden member.
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    Aug 30, 2012 11:34 AM GMT
    If it is a gay company, just put some bright red lipstick on and kiss the paper at the dotted line.
  • Posted by a hidden member.
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    Aug 30, 2012 11:39 AM GMT
    A legitimate corporation will have a document called a Corporate Resolution that lists all that are authorized to sign on behalf of the company.

    If it's a legitimate contract in which attorneys are involved, the attorneys will request a copy of the corporate resolution to make sure the signatures match.
  • Posted by a hidden member.
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    Aug 30, 2012 2:50 PM GMT
    Consult a competent contracts or corporate attorney for legal advice. It is possible to sign a contract on behalf of a business entity. A good contract would have a provision that basically says the person signing the contract on behalf of the corporation has corporate authority to do so. The signature page might look like this:


    COMPANY X

    By: ____________________________
    [name/signature]



    NOTE: This message does not constitute legal advice and no attorney-client relationship is created hereby.
  • LJay

    Posts: 11612

    Aug 30, 2012 3:28 PM GMT
    Being authorized by the corporation to act in its behalf is the biggie here. I have known of instances where contracts were voided (more like weaseled out of) when the signatory was unauthorized.
  • Posted by a hidden member.
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    Aug 30, 2012 7:05 PM GMT
    principal0 saidNobody ever likes my jokes. Sigh.


    I thought it was funny -- icon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gificon_lol.gif
  • Posted by a hidden member.
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    Aug 30, 2012 7:24 PM GMT
    Fwd: Romney, W.M.
  • Posted by a hidden member.
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    Aug 30, 2012 7:55 PM GMT
    TerraFirma saidIf it is a gay company, just put some bright red lipstick on and kiss the paper at the dotted line.


    This cracked me up! I needed it today!
  • Posted by a hidden member.
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    Aug 30, 2012 8:38 PM GMT
    DOMINUS saidConsult a competent contracts or corporate attorney for legal advice. It is possible to sign a contract on behalf of a business entity. A good contract would have a provision that basically says the person signing the contract on behalf of the corporation has corporate authority to do so. The signature page might look like this:


    COMPANY X

    By: ____________________________
    [name/signature]



    NOTE: This message does not constitute legal advice and no attorney-client relationship is created hereby.


    This, though I usually see it as:

    COMPANY X

    By: ____________________________
    [Name]
    [Corporate title]

    Same disclaimer as Dominus.
  • Posted by a hidden member.
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    Aug 30, 2012 8:46 PM GMT
    principal0 saidNobody ever likes my jokes. Sigh.


    You did mention cookies, though.

    2/10
  • barriehomeboy

    Posts: 2475

    Aug 31, 2012 12:21 AM GMT
    Let's vote on Carlito's boyfriend! I'm in favour.