What is a corporate power of attorney?

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Commercial Law

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Corporate powers of attorney are a critical tool in ensuring business continuity when unforeseen circumstances arise, such as the death, incapacity, or unavailability of a company director.

In these situations, a corporate power of attorney can allow another person to act on behalf of the company and ensure that business operations continue.

A corporate power of attorney is a legal document that grants an individual or individuals the authority to act on behalf of a company in legal, financial, and administrative matters. This can include signing contracts, making financial transactions, and managing business affairs.

Without a corporate power of attorney, a company may be left in a vulnerable position, as critical decisions cannot be made and important tasks cannot be completed.

Geelong Legal can help you prepare a corporate power of attorney that accurately reflects your company’s requirements, ensuring business continuity in unforeseen circumstances.

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