Representation Agreement – Porozumienie o Reprezentacji
A representation agreement, also known as a power of attorney, is a legal document that allows a person, known as the principal, to appoint another individual, known as the agent, to act on their behalf in legal matters. This agreement can be especially useful for those who are unable to attend to legal matters themselves due to illness, disability, or other reasons.
In Poland, representation agreements are known as “Porozumienia o Reprezentacji.” These agreements are governed by the Polish Civil Code and must be executed in writing. The document must specify the powers granted to the agent, such as the authority to sign documents, make decisions, and engage in legal proceedings.
There are several types of representation agreements that can be executed in Poland, including general, special, and enduring representations. General representation agreements grant broad powers to the agent and are commonly used in business transactions. Special representation agreements, on the other hand, are more specific and limit the agent`s powers to a particular transaction or legal matter. Enduring representation agreements are designed for situations where the principal is incapacitated or unable to make decisions due to illness or disability.
When executing a representation agreement in Poland, it is important to ensure that all legal requirements are met. The agreement must be signed by both the principal and agent, and witnessed by two witnesses who are not related to either party. The document must also be notarized by a Polish notary public.
It is important to choose an agent who is trustworthy and has the necessary skills and experience to handle legal matters on the principal`s behalf. The agent must act in good faith and in the best interests of the principal, and must keep accurate records of all transactions and decisions made on their behalf.
In conclusion, a representation agreement is an important legal tool that can provide peace of mind for those who are unable to attend to legal matters themselves. In Poland, representation agreements are governed by the Polish Civil Code and must be executed in writing, witnessed, and notarized. It is important to choose a trustworthy agent and ensure that all legal requirements are met to ensure the agreement is valid and enforceable.
Comments are closed.