Power Of Attorney Clauses
Power of Attorney (POA) is a legal document that is used to give authority to someone else to perform your duties on your behalf.
The following are some of the important clauses that need to be included in the Power of Attorney:
1. The name, age, address and occupation of the person responsible for the Power of Attorney, the Person.
2. The Attorney, the person to whom power is granted.
3. The justification that should be legally valid for granting the Attorney's power.
4. The date and location of the Power of Attorney act and the date of its coming into effect.
5. The date on which the power of attorney is terminated if time is limited. If no period is specified, decide whether the Power of Attorney is permanent or non-lasting.
6. If it is a general authority, then all the acts and areas of authority should be explicitly stated. It should be defined if any specific act should not be conducted by the Attorney in such places. For Ex. The Principal may grant the power to purchase or rent any property if general authority for property is granted, but may not grant the power to sell any of his property.
7. The particular or specific act or duty that the Attorney has to conduct and complete must be clearly specified in the Special Power of Attorney. The time period during which this act must be conducted must also be specified.