The Letter of Authorization is a crucial legal instrument in Swiss business and personal affairs, used when one party needs to formally delegate authority to another. This document type is particularly important in Switzerland's complex multi-jurisdictional environment, where business often crosses cantonal and international borders. The Letter of Authorization must comply with Swiss federal law, particularly the Code of Obligations (OR/CO), and may need to address cantonal requirements. It typically includes detailed information about the parties, specific powers granted, duration of authority, and any limitations or conditions. The document is commonly used in banking relationships (given Switzerland's role as a financial center), property transactions, corporate representations, and personal matters. Its format and content may vary depending on the intended use, but it must always meet the formal requirements under Swiss law for valid authorization.
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1. Date and Place: Current date and place of execution of the letter
2. Authorizing Party Details: Full name, address, and identification details of the person/entity granting the authorization
3. Authorized Party Details: Full name, address, and identification details of the person/entity receiving the authorization
4. Scope of Authorization: Clear and specific description of the powers being granted and their limitations
5. Duration: Period for which the authorization is valid, including start date and end date if applicable
6. Revocation Rights: Statement about the right to revoke the authorization and the process
7. Signature Block: Space for formal execution by the authorizing party, including any authentication requirements
1. Special Powers: Additional specific powers granted for special circumstances or transactions
2. Substitute Authorization: Permission for the authorized party to delegate powers to others, if allowed
3. Governing Law Declaration: Explicit statement about Swiss law governing the authorization, used in cases with international elements
4. Data Protection Clause: Specific provisions regarding handling of personal data, required when authorization involves access to personal information
5. Banking Powers: Specific details about banking authorities, used when authorization involves financial transactions
6. Indemnification: Provisions protecting the authorized party when acting within the scope of authorization
1. List of Specific Powers: Detailed enumeration of specific actions or transactions the authorized party may undertake
2. Account Details: List of relevant bank accounts or financial instruments covered by the authorization
3. Required Forms: Any standardized forms required by specific institutions (banks, government offices) that need to be attached
4. Identity Documents: Copies of identification documents of both parties as required for verification
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