Authentication & Validation

By concluding the contract, the parties are bound by what they have entered into in the contract, and if they fail to comply with the obligations specified in the contract, they will be condemned by the competent authorities upon request of the other party.

The obligation of the offender to perform the obligation or compensation in practice is useful when he has the ability to meet the obligation and compensation.

Validating how much a business or a person's financial, technical, human and operational capabilities are currently worth and the suitability of his abilities with the import/ export contract and commitments that they intend to accept, conclude and execute, as well as will actually predict what future developments in his capabilities. It will be possible before the conclusion of the contract. These surveys will help you gain more insight into the status and credibility of the other party that is relevant to your obligations to you. In this way, we look at the criteria and attributes of authentication and validation.

  1. Reviewing the financial situation of the opposing party. (Registered capital - assets and property - bank accounts - the amount of participation bonds - balance sheet approved by the General Assembly last year - tax authorities regarding all operations and dimensions of the company - social security for all projects and activities of the company, etc.

  2. Reviewing the qualifications of the signatories of the contract as an official and the legal possibility of signing the contract and accepting the undertaking.

  3. Review of scientific competence, technical, financial, legal permissions of the opposing party.

  4. Check the extent and limits of the opponent's ability to negotiate.

  5. Reviewing expert’s status of the other party regarding the subject of the contract by receiving their scientific and empirical resume and inquiring and verifying the records contained in the resume from persons who have previously been parties to the contract and cooperated with them.

  6. Acquiring authenticity of all documents, power of attorney, monopoly of inheritance and will of the opposing party from the relevant authorities.

  7. Check the latest changes to the authorized signatures of the director’s board.

  8. Review of the company's principles of association in terms of the powers of the CEO and the Board of Directors and the transactions to be made by the Board of Directors and the Managing Director.

  9. Ensure the definitive allocation of credit and the measures of credit approved for the performance of the contract in the public domain, subject to the approval of the budget and approval and the allocation sheet.

  10. Performing and obtaining legal inquiries regarding the identity of the opposing party and the authenticity of his identity documents.

  11. In describing the identity of the natural persons, all the specifications, including the job, position, national code, postcode, and telephone number, should be noted and specified.

  12. Ensuring the availability and indispensability of the goods viable and transferable goods that we intend to do the transaction.

  13. A review of the authenticity of the guarantees provided in the contract.

  14. Pay attention to the type of ownership of the company (public, public non-governmental, cooperative and private).

  15. Assignment of negotiation in the property of the deal.

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