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Power Of Authority Letter
I need a Power of Authority Letter to authorize my business partner to manage our UK company's financial affairs and property transactions while I'm overseas for six months from March 2025, with the ability to sign contracts up to £50,000 in value.
1. Donor Details: Full name, address, and other identifying information of the person granting the power
2. Attorney Details: Full name, address, and other identifying information of the person receiving the power
3. Scope of Authority: Specific powers being granted and any limitations
4. Duration: Time period for which the power is valid
5. Execution Requirements: Signature, witnessing, and dating requirements
1. Substitute Attorney: Details of replacement attorney if primary cannot act, used when continuity is crucial
2. Specific Transactions: Details of specific transactions authorized, used when power is for limited purposes
3. Revocation Provisions: Specific conditions for revocation, used when standard revocation terms need modification
1. Schedule of Assets: List of specific assets covered by the power, if authority is limited to certain assets
2. Schedule of Powers: Detailed list of specific powers granted, when multiple or complex powers are involved
3. Identity Verification: Copies of identification documents for donor and attorney
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