Fundacja Innovations HubFoundation

Manner of representation

In matters where the amount of the foundation’s obligation does not exceed PLN 20,000 (twenty thousand zlotys) gross, each member of the management board may represent the foundation externally independently. If the legal transaction gives rise or may give rise to an obligation of the foundation exceeding PLN 20,000 (twenty thousand zlotys) gross, the foundation is represented externally by two members of the management board acting jointly. Each member of the management board is authorised to make declarations of will independently in respect of declaratory activities, such as issuing certificates, granting and accepting patronages, and confirming cooperation established with third parties, in respect of concluding mandate agreements, volunteer agreements and graduate internship agreements, and also in respect of representing the foundation before public administration authorities, courts, banks and offices.