The following Commercial Q&A provides comprehensive and up to date legal information covering:
As noted in Practice Note: Forming enforceable contracts—authority, section 43 of the Companies Act 2006 (CA 2006) provides that the following have authority to make a contract for the company:
the company itself by writing under its common seal, and
a person acting under the company's authority, express or implied
A person might therefore have:
express actual authority (ie they have been specifically authorised by a formal delegation of the board’s powers)
implied actual authority (ie they have implied authority arising out of his position), or
apparent (or ostensible) authority (ie it appears to a third party that the person has authority)
See Practice Note: Execution formalities—companies for further information.
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