In a commercial context, PoAs are most often used by a Principal (an individual or a company) to authorise the Attorney to execute documents relating to a specific transaction. What is an ordinary power of attorney?Īn ordinary power of attorney (a " PoA") is a formal appointment by one party (the " Principal") in favour of another party (the " Attorney"), giving the Attorney the power to act on the Principal's behalf. This article provides an overview of the use of ordinary powers of attorney in a commercial context.
Powers of attorney allow a company to appoint an individual to execute documents on its behalf. In light of COVID-19, the practicalities of executing documents remotely have come to the fore.
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