Legal Approval Request

LEGAL APPROVAL REQUEST

This Legal Approval Request (the "Request") is submitted on by Requesting Party Name: whose address is and is submitted to Approving Party Name: with principal location at .

RECITALS

WHEREAS, Requesting Party seeks legal review, clearance, or formal approval concerning the proposed transaction, instrument, policy, or action described below for the purpose of ensuring enforceability, compliance with applicable law, and acceptable risk allocation; and

WHEREAS, Approving Party has the authority and expertise to render legal approval, impose conditions, or withhold consent consistent with the policies and delegated authority of Approving Party; and

WHEREAS, the parties desire to record the terms on which legal approval is requested and, if granted, the conditions applicable to such approval.

NOW, THEREFORE

In consideration of the representations and covenants set forth below and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:

1. DESCRIPTION OF REQUEST

2. APPROVAL DECISION

Approving Party determines the disposition of this Request by selecting one of the following options and, if applicable, furnishing the conditions that shall govern any approval.

Full approval with no additional conditions.

Conditional approval subject to the conditions described below.

Approval denied. Requesting Party must not proceed as described.

Approval deferred pending additional information or changes.

3. CONDITIONS PRECEDENT

Any approval granted by Approving Party is expressly conditional upon Requesting Party's strict compliance with (a) the conditions set forth in Section 2, (b) delivery of all required documentation and confirmations, and (c) any additional measures expressly imposed in writing by Approving Party. Failure to satisfy a condition precedent shall render the approval null and void.

4. REPRESENTATIONS, WARRANTIES AND AUTHORITY

Requesting Party represents and warrants that it has full authority to seek the approval described herein, that the facts presented in support of this Request are true and complete to the best of its knowledge, and that no material information has been omitted which would reasonably affect Approving Party's evaluation. Approving Party represents that the individual executing this Request on behalf of Approving Party has the delegated authority to render the decision recorded herein.

5. LIMITATIONS, LIABILITY AND INDEMNITY

Any approval granted is limited to the facts and documentation provided to Approving Party. Approving Party shall have no liability for actions taken by Requesting Party that are inconsistent with the scope of approval or which fall outside the facts and materials supplied. Requesting Party shall indemnify, defend and hold harmless Approving Party from any loss, liability or expense arising from Requesting Party’s failure to comply with conditions of approval or from materially inaccurate representations.

6. CONFIDENTIALITY

Information exchanged in connection with this Request that is expressly designated as confidential shall be treated as confidential by the receiving party in accordance with any existing confidentiality agreement between the parties or, absent such agreement, shall not be disclosed except as required by law, court order, or competent authority.

7. NOTICES

All notices required or permitted under this Request shall be in writing and delivered to the address provided in the opening paragraph or to such other address as a party may designate by written notice. Notice is effective upon personal delivery, delivery by nationally recognized overnight courier, or three business days after deposit in the mail, postage prepaid.

8. AMENDMENT; WAIVER; COUNTERPARTS

This Request may be amended only by a writing signed by both parties. No failure or delay by either party in exercising any right shall operate as a waiver. This Request may be executed in counterparts, each of which constitutes an original and all of which together constitute one and the same instrument.

9. GOVERNING LAW; ENTIRE AGREEMENT; SEVERABILITY

This Request shall be governed by and construed in accordance with the laws chosen by the parties at the time of signature. This Request constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations and understandings. If any provision of this Request is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

10. ATTACHMENTS

Sign Now