POWER OF ATTORNEY

POWER OF ATTORNEY

Imagine giving someone the legal right to stand in your shoes and act exactly as you would in important matters like land, property, money, contracts/Agreements or business decisions. That is the power of a Power of Attorney.

A Power of Attorney is a legal document by which you authorize another person, called the Attorney, to act on your behalf in specific or general matters. It is like cloning your legal authority and handing it to someone you trust.

There are two types of Power of Attorney:

Revocable Power of Attorney: This one is flexible. You can cancel it at any time if you no longer want the person to act for you.

To revoke it, you must prepare and sign a Deed of Revocation, notifying both the Attorney and all persons who may have been dealing with him on your behalf. Without this step, others may still think he still has your authority.

Irrevocable Power of Attorney: This is unbreakable. Once given, it cannot be withdrawn easily, especially if it was granted in exchange for money (e.g. irrevocable power of attorney over sale of land). The Attorney retains the power until the purpose for which it was given is completed.

A Power of Attorney can save you stress, money and time, but if drafted carelessly it can also hand over your rights in ways you never intended.

That is why you should get an experienced Property and Business Lawyer to draft it for you.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com