A Power of attorney (POA) is a legal authorization that gives a designated person the power to act for another person. The designated person can be given broad or limited authority to make decisions for the authorizer.
Creating this document the traditional way can be needlessly costly, time-consuming, and complicated – you can do it yourself with our intuitive and fast contract builder.
Made and reviewed by:
Mag. Markus Reinfeld, LL.M., LL.M.
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You can be represented before courts, authorities, banks, insurance companies and other institutions etc. A power of attorney can be granted to natural persons of full age or to legal entities.
The power of attorney can be granted in different scopes. For example, a person can be authorized only to conclude a specific transaction (special power of attorney) or to conclude all transactions (general power of attorney).
The power of attorney generally ends upon revocation by the principal or upon his death. Of course, the power of attorney can also be limited in time.
Using the kontractory contract factory to create your contracts and documents is an easy, cost-effective way of ensuring that your paperwork is set up properly and in full compliance with the law. Select the answers to some simple questions, fill in some options, and click to create – you get a full understanding of the nature of the contract or document in a language you can understand.
Of course, getting your power of attorney paperwork in order is not the only way we can support you. We will also help you by showing you other potential documents or legal services that you may need or answer your questions about any legal issue via video consultation. You also get to take advantage of our fully transparent pricing: we will never charge you more than the price you agreed to or add hidden fees.
A power of attorney is most often used when the authorizer is unable to be present at a certain place or time to sign a document or perform a task. A PoA can authorize the representative for all actions or for very specific tasks (e.g. sign a contract, purchase an item, collection of certain items, obtaining information).
A professionally prepared power of attorney, either in the form of a full PoA or a specific/special PoA.
No that is not necessary.
By issuing a power of attorney, individual or all founders of a GmbH can be represented by other persons during the formation.
By issuing a voting proxy PoA, shareholders of a GmbH can be represented with regard to participation and voting at general meetings.
The lasting power of attorney (Vorsorgevollmacht) is a precautionary power of attorney.
When a client and a contractor want to implement a work or a project together, risks and obligations arise for both parties.
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