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Corporate Seal for PSA

Requirement under Uzbek legislation for provision of corporate seals when parties execute PSA

 

Under general rule, a corporate seal is affixed on commercial contracts to identify and certify that a person has authority to bind a company since there are no public registers with corporate filings and list of directors.  The Act on Contractual-Legal Basis for Operations by Business Entities does not set the requirement to affix a corporate seal on contracts, it does, however, refer to “parties details/particulars” by which a local business would mean contact details, registered address, bank details, authorized signatory verified by a corporate seal.  In normal circumstances, local business would expect to affix corporate seals on a single-...

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