See who has the right to sign for a company
For a contract to be legally sustainable, a company signatory has to sign the agreement. There may be an almost infinite number of combinations of signatories for a company.
We have developed three services to solve the problems that comes with identifying and verifying the correct signatories, i.e. finding out which people and constellations that are allowed to sign for a company.
On-boarding in B2B is often cumbersome but with our signatory services comes new possibilities. Our customers often use a combination of our APIs to create beautiful and simple registration flows and on-boarding processes for B2B customers.
Brief on company signatory
GOOD TO KNOW! It must always be clear whether a person can sign independently or if several people needs to sign a company.
Here are some rules;
The company is signed by the board.
The entire board (all board members) always have the right to represent the company as a joint company signatory. This is declared as "the company is signed by the board" and means that all members of the board together must sign.
The Executive Director's right to sign.
If the company has an executive director, this person will be entitled to sign in the company's name regarding activities required in the regular operations.
An alternate may replace an ordinary member.
An alternate member may replace a regular member of the board and sign in his place if, e.g. the member resigns, expires, dies, sickness, loses his right to sign or other absence.
Special company signatories.
The board may also designate one or more individuals to independently or jointly sign for the company. This may be people inside or outside the board. These persons are called special company signatories.