Commentary

14.2 Execution of contracts by a company

COMMERCIAL CONTRACTS vol 7(2)
| Commentary

14.2 Execution of contracts by a company

| Commentary

14.2 Execution of contracts by a company

A company formed under, or regulated by the Companies Act 2006 will normally enter into contracts by having the contract entered into on its behalf1. However, it is possible for the company itself to enter into the contract itself as long as two formal requirements are complied with:

  1. 14.2.1

        either:

    1. (a)

          two authorised signatories must sign the contract, or

    2. (b)

          one director must sign the contract in the presence of a witness who attests the signature2; and

  2. 14.2.2

        the wording in the contract or document must state that

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