Most commercial lease and loan documents contain what is commonly known as a warrant of attorney.
According to the “Free Dictionary” by Farlex, a warrant of attorney is “a written authorization that allows an attorney named in it to appear in court and admit the liability of the person giving the warrant in an action to collect a debt” and “this writing is usually given to help ensure that the person signing it will pay the amount that he or she would be obliged to pay if a judgment were entered against him or her” with the understanding “that no action will be started against the signer if the obligation described in the paper is satisfied.”
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