Publications - Letters of Engagement - Property Management Services
Letters of Engagement.
Signing of Letters of Engagement
The Letters of Engagement, as set out, provide for the signatures of two Directors where a Company is involved and two partners where a Partnership is concerned. The Authority would prefer two signatures for such entities as this gives greater protection to the Company or Partnership. However, it recognises that this may not always be practicable. In such circumstances one signature would suffice. The most important thing is for the Company or Partnership to be satisfied that the person signing the contract is properly authorised to sign on the company’s or partnership’s behalf. At the very least the person signing the contract should be a Principal Officer. A Principal Officer of a company or partnership, within the Act, means
(a) a director, partner, manager, secretary or other similar officer of the company or partnership or
(b) a person purporting to act in any such capacity.
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