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A Seller's Mandate is the person with legal authority to represent the seller in negotiations with potential buyers in the sale of commodities. The Mandate will have clear instructions from the seller as to the procedure to be adopted and what is required from the buyer in order to proceed with the sale. Normally, the seller will require proof of funding and/or a Letter of Intent before proceeding further with the sale. Thereafter, all negotiations will be between the seller's mandate and the buyer's mandate (a mandate for the buyer).

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16y ago

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