In this Legal Q&A, PL&Partners Law Firm will answer this question from a reader: Who has competence to sign contract in enterprises?
The detailed question is as follows:
“Dear lawyers. recently, when reading the newspaper, I saw cases where contracts were signed but not valid. The reason is because the person signing the contract does not have the authority to sign the contract.
There are cases that even when the person signing the contract is the Director but the contract is still invalid.
I’m really curious. In a company, who has competence to sign all kinds of economic contracts? And how can you make sure you are working with someone who has the authority to sign them?
Hope to be receive the answer from you. Thank you.”.
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