{"id":9050,"date":"2018-05-01T14:48:25","date_gmt":"2018-05-01T09:18:25","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=9050"},"modified":"2020-09-03T16:24:58","modified_gmt":"2020-09-03T10:54:58","slug":"power-of-attorney","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/power-of-attorney\/","title":{"rendered":"Sample Format of Power of Attorney"},"content":{"rendered":"

Power of Attorney is a legally binding document which gives another person, the authority to act on behalf of another in matters of a business transaction, legal affairs[1]<\/a><\/sup><\/strong> or even a private matter as described in the POA. The person is authorized does not require any specific qualifications or designation. Each POA may differ in the manner of the level of control and authority granted and also the purpose.<\/p>\n\n\n\n

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Download Power of Attorney Agreement Format<\/div>\n<\/div>\n
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You can also download Power of Attorney Agreement Format in the PDF formats.<\/strong><\/div>\n
Download PDF<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n

It should be noted that the Power of Attorney does not take away the right of the principal to act on his own behalf. In case of disagreement with the agent, the decision of principal hold good and there is always remains an option of revocation of the Power of Attorney.<\/p>\n\n\n\n

\"Power<\/figure>\n\n\n\n

How can we categorize Power of Attorney?<\/strong><\/h2>\n\n\n\n

These can broadly be categorized as:<\/strong><\/p>\n\n\n\n

  1. General Power of Attorney: As the name suggests, this confers a broader power over the authorized person. It may be for the handling of all the business and legal transactions. Thus, the principal need not be present to sign and verify the documents relating to these transactions or proceedings.<\/li>
  2. Special\/ specific\/ Limited Power of Attorney: It only operates only for some particular subject matter or for a specific situation. Example: the agent is authorized only to act on behalf of the principle in respect to leasing out a particular immovable property<\/a>, collection of rent for the same and legal matters relating to it.
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