Grant of Power
/ˈɡrɑːnt əv ˈpaʊər/
Definitions
- (n.) A formal conveyance or delegation of authority by which a person or entity empowers another to act on their behalf.
The board executed a grant of power allowing the CEO to negotiate contracts.
- (n.) An official document evidencing the conferral of specific powers, rights, or privileges.
The grant of power was recorded in the public registry to validate the agent's authority.
Forms
- grant of power
- grants of power
Related terms
See also
Commentary
A grant of power often underlies agency relationships and should specify the scope and limitations of the conferred authority to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.