What is the difference between agent and authorized signatory?

Answer 1

An agent is an individual or entity authorized to act on behalf of another party, typically in business transactions or negotiations. In contrast, an authorized signatory is a specific person designated to sign documents and contracts on behalf of an organization, often with legal authority to bind the organization in agreements. While an agent can perform a broader range of activities, an authorized signatory's role is primarily focused on executing documents. Both roles involve representation, but their scopes and responsibilities differ.