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else to make decisions or do certain things on their behalf. The person who signs the
Power of Attorney (gives up the authority) is called the Principal, and the person who is
given the authority is called the Agent.
Who can execute Power of Attorney?
Any natural person having the capacity to contract may execute a power of attorney.
When Power of Attorney be executed?
If a person is not able to act on his own behalf due to mental or physical
incapacity, an agent may be called upon and execute power of attorney.
Types of Power of Attorney
A General Power of Attorney grants the agent the legal right to make all personal,
business and legal decisions on behalf of the principal. May give an agent extensive
powers to carry out transactions.
A Special Power of Attorney means legally authorizing another person, called an agent
or an attorney in fact, the right to act on behalf of another person, known as the
principal, under specific, clearly laid-out circumstances. This type of power of attorney is
limited to what has been laid out in the signed document.
2. To effect novation;
4. Waive an obligation gratuitously; to Lease any real property to another person for
more than one year;
6. To make Gifts, except customary ones for charity or those made to employees in the
business managed by the agent;
7. To loan or borrow money, unless the latter act be urgent and indispensable for the
preservation of the things which are under administration;
8. To lease any real property to another person for more than one year;
To ask, demand, collect any and all sums of money, sue to recover debts, dues,
accounts, dividends, legacies, bequests, interests , and other things of value of
whatever nature or kind as may now be or may hereafter become due owing, payable or
belonging to me, and to have, sue, and to take any all lawful ways and means for
the recovery thereof by suit, attachment, compromise or otherwise;
To make, sign, execute, and deliver contracts, agreements, documents and other
writings of whatever nature or kind, with any and all third persons, entities or concerns,
upon terms and conditions acceptable to my said attorney;
To delegate in whole or in part any all of the powers herein granted or conferred, by
means of an instrument in writing, favor of any third persons whom my said attorney
may select;
HEREBY GIVING AND GRANTING unto my said attorney full power and authority
whatsoever requisite or necessary or proper to be done in and about the premises
as fully to all intents and purposes as I might and could lawfully do if personally present,
with power of substitution and revocation, and hereby, ratifying and confirming all that
my said attorney or his substitute shall lawfully do or cause to be done under and by
virtue of these presents.
_____________________________ _______________________________
(Principal) (Agent /Attorney-In-Fact)
ACKNOWLEDGEMENT
Known to me and to me known to be the same persons who executed the foregoing
instrument and acknowledged to me that the same is their free and voluntary act and
deed.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.
SPECIAL POWER OF ATTORNEY
I, (Insert Name of Principal) single/married (insert name of spouse if married), of legal age,
with residence and postal address at (Address) do hereby APPOINT (Insert name of
Agent /Attorney-In-Fact)) single/married (insert name of spouse if married), likewise of legal
age, with postal address at (Address) as our true and legal representative to act for and in
our name and stead and to perform the following acts:
To sell, offer for sale, and come to an agreement as to the purchase price and
thereafter to sign for us and in our name and receive payment from the sale of
our property more particularly described as follows: (Insert Description of
Property)
HEREBY GRANTING unto our representative full power and authority to execute and
perform every act necessary to render effective the power to sell the foregoing
properties, as though we ourselves, have so performed it, and HEREBY APPROVING
ALL that he may do by virtue hereof with full right of substitution of his person and
revocation of this instrument.
IN WITNESS WHEREOF, WE HAVE HEREUNTO SET OUR HANDS THIS ____ DAY
OF _______________ 20__, AT (Insert Place of execution of this Instrument).
____________________________ _______________________________
(Name of Principal) (Name of Agent /Attorney-In-Fact)
________________________________ ____________________________________
ACKNOWLEDGEMENT
Republic of the Philippines )
_________________________) S.S
WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public
Doc. No.______;
Page No. ______;
Book No.______;
Series of 20___.