A Deed of Power of Attorney is a legal document that authorizes a person to act on your behalf in anything, including property and business transactions.
It is used when you are unavailable, sick or seek professional management of your affairs.
It plays an important role in real estate, business dealings and other legal matters, ensuring smooth operations without your physical presence.
USES OF POWER OF ATTORNEY
√ Property Transactions – It allows a person to buy, sell, lease or manage property on your behalf. This is useful for Landlords and investors.
√ Business Representation – Enables the person to negotiate for land, property or contracts, make payments or oversee business operations.
√ Legal Matters – Grants one the power to sign, pick up documents, file cases, represent or act in any matter.
CONTENTS
1. Full details of the parties including their names, addresses and identification.
2. Scope of authority granted, specifying the exact powers given.
3. Duration and conditions for revocation and whether the Power of Attorney is temporary, revocable or irrevocable.
4. Signatures and witness.
5. Authentication by a Notary Public.
A badly written Power of Attorney can lead to fraud, unauthorized transactions or legal disputes. If improperly made, it may be challenged.
A Property/Business Lawyer must prepare it to ensure it is clear, legal & enforceable.
APEX CHAMBERS, best Law Firm of Property/Real Estate & Business/Corporate /Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates, Legal Practitioners, Legal Consultants providing legal services and Notary Public with 18 years experience and Law Office in Port Harcourt, Rivers State, Nigeria