The abbreviation “ppa” is often found when signing documents. GIGA explains why it is important and the meaning behind it.
What does the abbreviation “ppa” mean?
The abbreviation “ppa” usually stands for “per procura authoritative”, which comes from Latin and translates as “due to granted procuration” means. Thus, in the case of signatures, the so-called Prokura, a power of attorney under commercial law, displayed. In other contexts, the abbreviation can be in the spelling “PPA” also “Power Purchase Agreement” mean what describes a long-term energy supply contract. In addition, there are many other abbreviations for this combination of letters, but they are less common and can vary greatly depending on the context. Most often you will find the abbreviation “ppa” in the related to signatures.
In the office you will encounter many abbreviations, such as “etc.” or “c/o”. The abbreviation “N/A” can also appear. In the video you can find out what it’s all about:
Why is the abbreviation “ppa” used for signatures?
The abbreviation “ppa” is often added to the signature in business documents to make it clear in correspondence that signed by a so-called authorized signatory was what is required by § 51 HGB. An authorized signatory has received extensive business power of representation, the so-called procuration, from the company management. The power of attorney is regulated by § 48 HGB and is often granted to relieve the management in everyday work, since certain tasks and processes are usually carried out or supervised by senior employees and therefore corresponding documents or contracts are also signed by them on behalf of the company management . Thus, the addition to the signature serves above all transparency, legal clarity should be created and legal transactions should be facilitated. Signatures for contracts are effective even without this addition.
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