G.P.O.A is a legal authorization that gives the representative the power to act for and on behalf of another person known as the principal, it gives the representative a broad authority to manage and supervise the representative’s company.
This G.P.O.A grants the representative the right to: - Represent the principal and his company before all governmental and non-governmental authorities and departments. - Open any branches, offices, or agencies for the company. - Receive letters on behalf of the company. - To sign, provide, receive, and deliver all contracts, deeds, etc. that are related to the company business. - Demand, sue for, recover, receive, or hold sums of money. - Negotiate, settle, compromise, or submit to arbitration or mediation, etc.. - Manage and control the principal’s company on a day-to-day basis. - Determining the financial planning of the Company. - To rent offices, housing and other places and facilities for the Business of the Establishment. - To take out insurance against fire and others risks. - To make contacts with clients, agencies, corporations and individuals. - To make and sign addendums related to entering and withdrawing of partners. - To transfer, sell or assign company or all the principal’s shares to himself or any third party. - To sign lease contracts with the owners and proprietors of buildings. - To appoint, suspend and dismiss the employees and laborers of the company. - To represent the company in any lawsuit or judicial dispute or arbitration or settlement of any kind. - To open and close the accounts of all types. - To represent the company before all courts of various degrees. - To authorize and sanction vouchers for books of account and payment of expenses. - To appoint & remove account auditors. - Purchase, sell and registration of cars etc.. - To submit and receive ownership/title deeds, deeds and documents. - To delegate to any person any or all of the powers. |
Jurisdiction |
This document is intended for use in the United Arab Emirates. |
Before Execution |
- The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only. - Please delete this front page together with the information contained in the headers, footers and endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature. - Please remove the square brackets and all highlighting prior to signature. |