If authorized by the party concerned, the name of his friend shall be signed, and the name of the signatory shall be indicated. The principal shall sign the entrustment contract (agreement). If Zhang San entrusts Li Si to attend the meeting, Zhang San is the principal and Li Si is the principal, and the power of attorney shall be signed by Zhang San. A principal refers to a person who entrusts others to handle affairs for himself. In the securities brokerage business, the principal refers to a natural person or legal person who can buy and sell securities according to the provisions of national laws and regulations. Refers to the citizens, legal persons or other organizations (also known as sellers) who entrust the company to auction the auction items or property rights that they enjoy ownership or disposal rights.
Is the contract signed without an agent valid?
Whether a contract signed without a power of attorney is valid or not depends on the situation. A contract signed without a power of attorney is valid if it is ratified by the principal. If the principal refuses to ratify a contract signed without a power of attorney, the contract is invalid and the unauthorized agent shall bear the contract responsibility. A legal act carried out in the name of another person without agency is called unauthorized agency, which means that the actor has no agency and acts as an agent in the name of another person and a third person.
The name of the agent signing the contract needs to be negotiated with the principal. In entrustment contracts and bank-level contracts, the trustee may sign on behalf of the principal or directly by the principal. In order to avoid disputes in civil activities, even if the agent signs on behalf of the principal, in his own name or in the name of the principal, it should be signed by the principal for confirmation unless a clear power of attorney is issued in advance. The key point is that the trustee should faithfully perform the entrusted duties when acting in the name of the principal or in his own name to achieve the entrusted purpose.
Legal basis:
People's Republic of China (PRC) Civil Code
Article 162 A civil juristic act carried out by an agent in the name of the principal within the scope of his agency authority is effective for the principal.
Article 168 An agent shall not engage in civil legal acts in the name of the principal and in his own name, except with the consent or ratification of the principal. An agent shall not, in the name of the principal, carry out a civil juristic act at the same time with other people he represents, except with the consent or ratification of the principal.