united-states contract-law legal-terms
Document says &quot;A and B&quot; have some authority — does that require unanimity or not?
<p>If a governing document says that &quot;A and B&quot; have the power to act on behalf of Company X, does that mean that both A AND B have to sign e.g. a contract to bind the company? Or does it mean that that either A OR B can bind the company?</p>
<p>Put another way, is their power a &quot;joint&quot; power or an &quot;individual&quot; power?</p>

<p>It could mean either, given the wording &quot;Jones and Smith have the power to act on behalf of Omnicorp&quot;. You would have to derive the &quot;joint agreement&quot; conclusion from other parts of the contract. In general, &quot;and means or, and vice versa, as required&quot;, and especially as required by other word in the contract (&quot;they&quot; vs. &quot;he&quot;, &quot;jointly&quot; etc.). In other words you have to look at the whole document.</p>
