Power of Attorney - Company Transfer and Execution

Default by Shareholder / JV Partner

No. of Prokens Required: 1 |

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Description:

This POA is suitable in case a shareholder defaults of its obligations under the shareholders / joint venture agreement. The Deed appoints the Company as its attorney for all transfer 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.

Document Type:

Deed /poa / authorisation / agency / escrow

Category:

Business > General Business > POA / Appointment / Authority Letter

 
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Author:

DocPro Legal

DocPro Legal is a team of legal professionals with a passion for making quality documents and legal contract templates widely available to the public through cutting edge technology. Our lawyers are qualified in numerous common law jurisdictions including the United Kingdom, Australia, New Zealand, India, Singapore and Hong Kong. We have experience in major law firms and international banks with expertise in business, commercial, finance, banking, litigation, family, succession and company laws.