Authorization Agreement

Authorization Agreement Template for New Zealand

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Key Requirements PROMPT example:

"I need an Authorization Agreement for our New Zealand company to appoint an agent who will represent us in international trade shows and negotiate preliminary deals in Asia-Pacific regions from January 2025 to December 2025, with authority to sign NDAs and MOUs but not final contracts."

Document background

The Authorization Agreement serves as a crucial legal instrument in New Zealand business and personal affairs, providing a formal framework for delegating authority from one party (the principal) to another (the agent). This document type is essential when an individual or organization needs to authorize another party to act on their behalf, whether for specific transactions, ongoing business operations, or personal matters. The Agreement must comply with New Zealand's legal framework, including the Contract and Commercial Law Act 2017, Privacy Act 2020, and relevant industry-specific regulations. An Authorization Agreement typically includes detailed provisions about the scope of authority, duration, obligations of both parties, confidentiality requirements, and termination provisions. It's particularly valuable in situations requiring clear documentation of delegated authority, such as business transactions, property dealings, or regulatory compliance matters.

Suggested Sections

1. Parties: Identifies and provides full details of the Principal (person/entity granting authority) and the Agent (person/entity receiving authority)

2. Background: Explains the context and purpose of the authorization arrangement

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Authority: Clearly outlines what powers and authorities are being granted to the Agent

5. Duration: Specifies the term of the authorization, including start date and end date if applicable

6. Agent's Obligations: Details the duties, responsibilities and standard of care required from the Agent

7. Principal's Obligations: Outlines the Principal's responsibilities and obligations to enable the Agent to act

8. Remuneration: Details any fees, expenses or charges payable to the Agent

9. Confidentiality: Addresses the handling of confidential information

10. Liability and Indemnification: Sets out liability limitations and indemnification provisions

11. Termination: Specifies how the agreement can be terminated and the consequences of termination

12. General Provisions: Standard boilerplate clauses including governing law, notices, and entire agreement

Optional Sections

1. Sub-delegation: Include when the Agent needs the ability to delegate authority to others

2. International Provisions: Include when the authorization extends to international activities

3. Reporting Requirements: Include when the Agent needs to provide regular reports to the Principal

4. Insurance: Include when specific insurance coverage is required for the authorized activities

5. Compliance Requirements: Include when specific regulatory or industry compliance obligations need to be addressed

6. Emergency Provisions: Include when describing procedures for emergency situations where immediate action is required

7. Intellectual Property: Include when the authorization involves dealing with intellectual property rights

Suggested Schedules

1. Schedule 1 - Authorized Activities: Detailed list of specific activities and powers being authorized

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, charges, and payment terms

3. Schedule 3 - Reporting Template: Template for any required regular reporting by the Agent

4. Schedule 4 - Contact Details: List of key contacts and their details for both parties

5. Appendix A - Required Forms: Standard forms or templates to be used in carrying out the authorized activities

6. Appendix B - Compliance Checklist: Checklist of compliance requirements and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok��˰� | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Financial Services

Healthcare

Real Estate

Legal Services

Agriculture

Education

Tourism

Export/Import

Professional Services

Government

Insurance

Retail

Manufacturing

Technology

Relevant Teams

Legal

Compliance

Risk Management

Operations

Administration

Corporate Services

Human Resources

Finance

Procurement

Business Development

Property Management

Executive Office

Relevant Roles

Chief Executive Officer

Managing Director

Legal Counsel

Compliance Officer

Risk Manager

Company Secretary

Operations Manager

Business Development Manager

Property Manager

Financial Controller

Human Resources Director

Procurement Manager

Asset Manager

Regional Manager

Department Head

Administrative Officer

Contract Manager

Corporate Representative

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