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Power of Attorney - Company Transfer and Execution

Default by Shareholder / JV Partner

This POA is suitable in case a shareholder defaults on its obligations under the shareholders / joint venture agreement. The Deed appoints the Company as its attorney for all transfers and acts under the Agreement.

The Principal hereby irrevocably and unconditionally (and by way of security for the performance of its obligations under the Agreement) appoints the Company as its attorney to execute and do in its name or otherwise and on its behalf all transfers and other documents, acts and things which such attorney may in its absolute discretion consider necessary or desirable in connection with effecting any transfer of securities or any other action provided for by the Agreement.

How to use this document?

This document should be carefully read by the Principal and the Attorney. 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.  

How to tailor this document for your need?

1. Create Document: Click the “Create Document” button and fill in the details of the parties.
You can click the “Fill with Member’s Information” button to complete the party’s
information with your personal or business information saved to your account.
2. Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.
3. When you are done, click the “Get Document” button and you can download the
document in Word or PDF format.

 
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