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Does the signed agreement have legal effect?
Legal analysis: A contract signed in the name of an agent is valid if it is authorized or ratified by the agent. Authorization must have a handwritten power of attorney. If someone else is not explicitly authorized to sign on its behalf, the contract is invalid.

Legal basis: Article 490 of the Civil Code of People's Republic of China (PRC). If the parties enter into a contract in the form of a contract, the contract shall be established when the parties sign, seal or press their fingerprints. Before signing, sealing or fingerprinting, one party has fulfilled its main obligations, and the contract is established when the other party accepts it.

A contract shall be concluded in written form as stipulated by laws, administrative regulations or agreed by the parties. If the parties do not do this in writing, but one party has fulfilled its main obligations and the other party accepts it, the contract is established.