The New York Certificate of Authority (To Bind Business In Settlement Or Trial) is a legal document issued by the New York Secretary of State which grants the holder the authority to transact business in New York on behalf of a foreign corporation, limited partnership, or limited liability company in the event of a trial or settlement. This certificate is also known as the Certificate of Authority to Settle or Try Litigation. There are two types of New York Certificate of Authority (To Bind Business In Settlement Or Trial): Certificate of Authority to Settle or Try Litigation, and Certificate of Authority to Settle or Try Litigation and to Participate in Arbitration. The Certificate of Authority to Settle or Try Litigation grants the holder the right to represent the foreign entity in the event of a trial or settlement in New York. The Certificate of Authority to Settle or Try Litigation and to Participate in Arbitration grants the holder the right to represent the foreign entity in the event of a trial, settlement, or arbitration in New York. To obtain a New York Certificate of Authority (To Bind Business In Settlement Or Trial), the applicant must fill out the appropriate form and submit it to the New York Secretary of State with the appropriate fees. The form must include the name and address of the foreign entity, the name and address of the applicant, and a statement of the purpose of the certificate. Once the application is approved, the New York Secretary of State will issue the certificate.