A Procuration Letter is essential when one party needs to delegate authority to another for specific purposes. This document, governed by English and Welsh law, outlines the scope of delegated powers, the duration of the authority, and any limitations or conditions. The Procuration Letter must comply with the Powers of Attorney Act 1971 and should clearly specify whether it's for general or specific purposes. It's commonly used in business transactions, property matters, or when the grantor is temporarily unavailable or unable to act personally.
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1. Date and Place: Current date and location where letter is executed
2. Parties' Information: Full names, addresses, and contact details of both grantor and attorney
3. Scope of Authority: Clear description of powers being granted and the extent of the attorney's authority
4. Duration: Time period for which the authority is valid, including start and end dates if applicable
5. Execution Requirements: Signature requirements, witness details, and formal execution provisions
1. Specific Limitations: Any restrictions or limitations on the attorney's powers, used when authority needs to be limited in scope
2. Substitute Attorney: Appointment of alternative attorney, used when backup authority is needed in case primary attorney cannot act
3. Revocation Provisions: Specific conditions for termination, used when automatic termination triggers are desired
1. Schedule of Assets: List of specific assets covered by the power of attorney, if authority is limited to certain assets
2. Schedule of Powers: Detailed list of specific powers granted, used when authority is complex or extensive
3. Identity Documents: Copies of identification documents for both the grantor and attorney, including proof of address if required
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