Nevada Limited Power of Attorney
Nevada Limited Power of Attorney
I. APPOINTMENT OF AGENT
This Limited Power of Attorney ("Agreement") is made and effective this August 19, 2056, by and between [YOUR NAME], of [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Principal") and [AGENT'S NAME], of [AGENT'S ADDRESS] (hereinafter referred to as the "Agent").
II. POWERS OF AGENT
The Principal hereby appoints the Agent, and the Agent accepts such appointment, to exercise the powers, rights, and discretion conferred by this Nevada limited power of attorney.
III. SPECIFIC POWERS OF AGENT
The Agent is granted the power of attorney to act in the following specific tasks on behalf of the Principal:
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Real Estate Transactions: Buy, sell, lease, or manage real property on behalf of the Principal.
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Financial Management: Manage banking, investments, bills, and taxes for the Principal.
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Legal Proceedings: Represent the Principal in legal matters, attend hearings, and negotiate settlements.
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Handling Specific Business Matters: Manage business transactions, contracts, negotiations, and operational decisions.
IV. TERM OF AGREEMENT
This Agreement is set to become effective starting from the [EFFECTIVE DATE] and will continue to remain in force until the specified [END DATE].
V. REVOCATION
The Principal retains the authority to revoke this power of attorney at their discretion. The revocation process involves the following steps:
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Written Notice: The Principal must provide written notice to the Agent indicating their intention to revoke the power of attorney. This notice should clearly state the decision to revoke and specify the effective date of the revocation.
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Delivery of Notice: The written notice of revocation must be delivered to the Agent personally or sent via certified mail with the return receipt requested to ensure proper documentation of delivery.
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Effective Date: The revocation takes effect as of the date specified in the written notice. Until the specified effective date, the Agent retains the authority to act on behalf of the Principal.
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Notification of Third Parties: Upon revocation, the Principal should notify any relevant third parties, such as financial institutions or legal entities, of the termination of the Agent's authority.
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Documentation: The Principal should retain copies of the written notice of revocation and any acknowledgment of receipt by the Agent for their records.
VI. GOVERNING LAW
This Agreement will be directed and interpreted following the substantive laws prevailing in the state of Nevada. This will hold for all circumstances and scenarios without any reference to or consideration of the principles of conflict of laws.
VII. SIGNATURES
[YOUR NAME]
[DATE SIGNED]
[AGENT'S NAME]
[DATE SIGNED]
VIII. NOTARY ACKNOWLEDGEMENT
On August 19, 2056, [YOUR NAME], identified as the signee of the above document, appeared before me, a Notary Public for the State of Nevada, and confirmed his signature was specifically for the intent outlined within the document.
Witness my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
