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In this article, I will break down the meaning of a Signed Statement so you know all there is to know about it!
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What Is A Signed Statement
A signed statement, as the name suggests, is a written statement that is signed by the author.
A statement is a declaration, writing, or something you say.
For example, when an employee files a complaint against another employee, the complainant may have to provide the Human Resources department with a signed statement outlining the facts of the complaint.
In other words, the signed statement represents the compliant’s official account of the events and complaint.
Signed Statement Definition
In business, a signed statement refers to a person or company’s declaration or confirmation of something.
For example, a company may ship goods to another company and will demand a signed statement from the client confirming the receipt of the goods.
A signed statement is fundamentally a declaration that is in writing and signed.
The signed statement can be given by an individual for himself, a power of attorney for another person, a representative for a company, or a government entity.
Signed Statement In Business
There are many instances where a signed statement may be needed in business.
Whether you’re handling a project, dealing with employees within an organization, or doing business with clients or partners, you may want to get a signed statement in certain situations to serve as a confirmation that something did happen or not.
For example, if a client refuses the delivery of a project for certain reasons, the service provider may ask the client to provide a signed statement indicating those grounds.
This way, the service provider will know which issues to tackle and when the issues are resolved, there’s evidence that the specifically identified issues have been resolved.
Another example of when a signed statement may be handy is when a company is doing an investigation following a complaint of any kind.
In the course of an internal investigation, a signed statement may be needed to ensure that those interviewed relay the information about the issue under investigation and that their account of the facts gets documented.
Signed Statement In Law
In law, a signed statement serves as “evidence” relating to the content of the statement.
When a client signs a statement accepting the delivery of goods, the client’s signed statement serves as proof that the client did in fact receive delivery of the goods.
If someone disputes this fact, the shipping company can use the client’s signed statement to demonstrate that it executed its obligation of delivering the goods.
Another example of a signed statement in law is when a person is asked to provide a signed statement of residency for tax purposes.
For example, a signed statement for tax may be required by the tax authorities to provide a tax exemption or consider a certain tax treatment.
Signed Statement vs Signing Statement
In the United States, a signed statement should be nuanced from a signing statement.
A signed statement is a written affirmation or disclosure by someone that is in writing and signed.
On the other hand, a signing statement in the United States refers to a pronouncement issued by the President of the United States upon the signing of a bill into law.
The President’s signing statement is generally worded as follows: “This bill, which I have signed today…”.
The signing statement is therefore the opening words used by the President when issuing a bill.
So there you have it folks!
What is a signed statement?
In a nutshell, a signed statement is a document where a person makes certain affirmations and then signs the document.
Since the document is signed, the information contained in the signed statement is considered to be official or legally binding.
Signed statements are quite common in business, particularly when dealing with commercial transactions, project management, human resource dealings, and other relationships where individuals may need to make formal statements.
Now that you know the meaning of a signed statement, good luck with your research!
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