# Authority Agreement Document
**Contract Agreement**
This Authority Agreement ("Agreement") is made and entered into as of the ___ day of __________, 2023, by and between:
**Principal:**
Name: ______________________________
Address: _____________________________
City, State, Zip: _____________________
Email: ________________________________
Phone: ________________________________
**Agent:**
Name: ______________________________
Address: _____________________________
City, State, Zip: _____________________
Email: ________________________________
Phone: ________________________________
**Recitals**
WHEREAS, the Principal desires to appoint the Agent to act on behalf of the Principal in connection with the following matters:
[Description of Matters/Scope of Authority]
WHEREAS, the Agent is willing to undertake such appointment under the terms and conditions set forth in this Agreement.
**1. Appointment of Authority**
The Principal hereby appoints the Agent as its true and lawful representative to act in the Principal's name and on the Principal's behalf in relation to the matters specified above.
**2. Duties and Responsibilities of the Agent**
The Agent agrees to:
a. Act in the best interests of the Principal in all dealings.
b. Exercise due diligence and care in performing all tasks and responsibilities.
c. Keep the Principal informed of all significant actions taken on behalf of the Principal.
d. Provide regular reports to the Principal on the status of the matters.
**3. Term**
This Agreement shall commence on the date first written above and shall continue in effect until terminated by either party upon ___ days written notice to the other party.
**4. Compensation**
The Principal agrees to compensate the Agent at the following rate:
[Insert Payment Terms and Amount]
**5. Confidentiality**
The Agent agrees to maintain confidentiality regarding any proprietary or confidential information of the Principal and shall not disclose such information to any third party without the prior written consent of the Principal.
**6. Indemnification**
The Principal agrees to indemnify and hold harmless the Agent from any claims, losses, or damages arising out of the Agent's performance under this Agreement, except in cases of gross negligence or willful misconduct.
**7. Governing Law**
This Agreement shall be governed by and construed in accordance with the laws of the State of _______________.
**8. Entire Agreement**
This Agreement constitutes the entire agreement between the parties concerning the subject matter herein and supersedes all prior agreements and understandings, whether written or oral.
**IN WITNESS WHEREOF**, the parties have executed this Authority Agreement as of the date first above written.
**Principal:**
Signature: _______________________________
Printed Name: ____________________________
Date: ____________________________________
**Agent:**
Signature: _______________________________
Printed Name: ____________________________
Date: ____________________________________
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This document is a template for an Authority Agreement and may require modifications based on specific circumstances or legal requirements. It is advisable to seek legal counsel before executing any legal agreements.