Key description
- A Letter of Authority (LOA) is a legal document that authorizes a third party to correspond with service providers on behalf of you and your business.By signing an LOA, Agents are not able to agree on contracts or new suppliers without further express permission.
Language
Categories
Industries
Covered clausesGeneral
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Authority to the Bank
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Joint and Several Liability
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Relinquishing right to operate the Account
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Effect of authority on death
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Bank not to inquire into exercise of powers
