Company approval includes both prior authorization and post-facto ratification of acts or decisions
The term "approval" in legal context means the act of confirming, ratifying, assenting, sanctioning, or consenting to some act or thing done by another party. According to legal interpretation, approval can be granted either before or after an act or decision has been made. This definition establishes that subsequent ratification of an action constitutes valid approval under law. The Supreme Court has recognized this broad interpretation, confirming that approval encompasses both prior authorization and post-facto confirmation of acts or decisions by relevant authorities or parties.
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