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When Can Single Person Sign Agreement On Behalf Of A Company

When Can Single Person Sign Agreement On Behalf Of A Company

When Can Single Person Sign Agreement On Behalf Of A Company? Daily Law Tips (Tip 389) by Onyekachi Umah, Esq, LL.M, ACIArb (UK)

A Company signs and executes deeds by affixing company’s seals in the presence of the company secretary and a director.
To enable a single person to sign and execute agreements on behalf of any company within or outside Nigeria, such company has to give a written appointment to such person. It has to be written under seal of the company and signed by the company secretary and a director, authorising such person to represent and executive all or some specific agreements on behalf of the company.
Note that any agreement signed on behalf of a company by such person duly appointed and authorised by a company to do so, is binding on the company as if it was made and signed by the company’s secretary and a director with company’s seal.

References:

Sections 76 and 610 of of the Companies and Allied Matters Act, 1990.

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Feel free to reach the author, ask questions or make inquiries on this topic or any other legal issues via onyekachi.umah@gmail.com or +2348037665878.

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