This statutory form of the general power of attorney (POA) is similar to that contained in the English Powers of Attorney Act. It is suitable only for use by an individual since it is unlimited and unqualified.
The POA confers power to Party 2 to do or complete any act on behalf of the principal, except acts that require the principal to act himself. The agent has the authority to make decisions concerning the principal's assets, in addition, medical decisions could be made on behalf of the principal.
An example of an appointment may be to swear an affidavit or performing duties of a personal office held by him, e.g. directorship.
POAs are used in events where the principal has an illness or disability and might not be able to make decisions or sign legal documents.
This document should be carefully read by the Individual Attorney and Client.
This document is for individual uses, whereby the general power of attorney format may be used to draft a statutory form of a general power of attorney.
The jurisdiction, date of appointment should be clearly stated.
Both parties should sign and return a copy, and once signed, both parties should get a copy. To avoid any future disputes, both parties may wish to have their signatures witnessed.
If either party wishes to amend the agreement in the future, both parties should agree to do so, and the original agreement and amendments should be recorded in writing and signed by both parties.
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Please get all parties to review the document carefully and make any final modifications to ensure that the details are correct before signing the document. Each party should have a copy of the executed document.