GENERAL POWER OF ATTORNEY
This General Power of Attorney may be considered for use where a person needs to give another person authority to enter into transactions and agreements, and to conduct or oversee activities.
Why do I need a General Power of Attorney?
Before a person can enter into transactions or legal agreements, or conduct activities, on behalf of another person, the consent of that person is required. For example, the authority to sell someone else’s property, goods or vehicle, the authority to collect money owing or take legal action against a non-paying debtor, or the authority to open bank accounts or to enter into agreements. This General Power of Attorney serves to record the consent.
Who should use a General Power of Attorney?
If you wish to authorise a third party to do things, sign documents or enter transactions or agreements on your behalf, then this General Power of Attorney may be considered to authorise the transactions, agreements, or conduct various activities. Note that this General Power of Attorney is wide and all-encompassing. If a principal wishes to limit the agent’s authority to a specific, identified activity, the Special Power of Attorney should be considered.
What does the General Power of Attorney say?
The General Power of Attorney consists of:
- The details of all the transactions, agreements, and activities permitted to be done by the agent
- The details of the agent authorised to enter into the transactions, agreements, and activities on the principal’s behalf
What does the General Power of Attorney look like?
- The agreement can be printed onto three A4 pages.
What do you need to do to use the General Power of Attorney?
- Read the document to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details, and sign.
Also known as:
- Principal and Agent
- Power of Attorney
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