Not all corporate documents can be signed by a specific person or authorized by the owner alone, so check your bylaws and articles of incorporation for guidance. You might be required to get permission from the board to have an attorney-in-fact sign, or the contract might require signatures from several directors of the corporation. Without this, the contract will not be duly executed.
A power of attorney is a legal document giving one person (called an "agent" or "attorney-in-fact") the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal's property and finance. The power of attorney is frequently used in the event of a principal's illness or disability, or when the principal can't be present to sign necessary legal documents for financial transactions. When planning to use the document outside of the United States it is better to arrange with your representative overseas to verify the requirements with local authorities how such instrument should be drafted in terms of wording. The first step in giving power of attorney is to choose an agent, the person who can act on your behalf. You may prefer for your agent to be a trusted professional, such as your lawyer or accountant. This person must be at least eighteen years old. It is important that the document is carefully prepared in line with your instructions and the local law where it is to be recognized. For the Power of Attorney document to work efficiently, it will need to be drafted in accordance with the local laws of the country where document will be used. When planning to use the document outside of the United States it is better to arrange with your representative overseas to verify the requirements with local authorities how such instrument should be drafted in terms of wording.
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