Legal LPR PDF Document

LIMITED POWER OF REPRESENTATION (LPR)

This Limited Power of Representation ("LPR") is made on this day: Day: Month: Year: by Principal Name: whose address is (hereinafter "Principal"), and Agent Name: whose address is (hereinafter "Agent").

RECITALS

WHEREAS, Principal desires to appoint Agent to act on Principal's behalf with respect to limited legal, administrative, and representational matters described in this instrument; and

WHEREAS, Agent is willing to accept such appointment and to exercise the authority granted under the standards and limitations set forth herein; and

WHEREAS, the parties intend that this instrument constitute a limited power of representation to be construed in accordance with its expressed terms and applicable law.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

1. GRANT OF AUTHORITY

Principal hereby appoints Agent as Principal's limited representative for the purposes described in this Section. The authority granted to Agent includes the following specific powers, limited to those matters described in the Scope of Authority field below:

Select granted powers (check applicable): Represent Principal in litigation and dispute resolution Sign and endorse documents and agreements Obtain and inspect records and files Negotiate and settle claims on Principal's behalf

2. LIMITATIONS AND CONDITIONS

Agent shall exercise the authority granted herein only to the extent necessary to accomplish the specific objectives described in the Scope of Authority. Agent shall not have authority to: (a) make gifts or transfers of Principal's property except as expressly authorized in writing; (b) execute, amend, or revoke any testamentary instrument; or (c) change the beneficiaries of any insurance, retirement, or trust arrangement, unless expressly authorized in a separate, written instrument signed by Principal.

3. EFFECTIVE DATE AND TERM

This LPR shall become effective on the date set forth above and shall continue in force until: , unless earlier revoked in accordance with Section 6.

4. DUTIES, STANDARD OF CARE, AND FIDUCIARY OBLIGATIONS

Agent shall act loyally, in good faith, and in the best interest of Principal, using such care, skill, and diligence as a prudent person would exercise in similar circumstances. Agent shall keep accurate records of all transactions undertaken on Principal's behalf and shall, on reasonable request, provide copies to Principal.

5. COMPENSATION AND REIMBURSEMENT

Unless otherwise agreed in writing, Agent shall be entitled to reimbursement for reasonable out-of-pocket expenses incurred in the performance of duties under this LPR. Compensation, if any, must be specified here:

6. REVOCATION

This LPR may be revoked by Principal at any time by providing written notice of revocation to Agent. Revocation shall be effective upon delivery of such notice to Agent, except as to third parties who reasonably rely on the authority granted hereunder prior to receipt of notice.

7. RELIANCE BY THIRD PARTIES

Third parties may rely upon a copy of this LPR and upon any act performed by Agent that is within the authority granted herein. Principal agrees to indemnify and hold harmless any third party who, in good faith, relies on Agent's representations and actions under this LPR.

8. NOTICES

All notices required or permitted under this LPR shall be in writing and delivered to the addresses set forth below or to such other address as a party may designate by written notice in accordance with this Section.

9. GOVERNING LAW

This LPR shall be governed by and construed in accordance with the laws of the state specified below. Any disputes arising from or relating to this LPR shall be subject to the exclusive jurisdiction of the courts of that state.

10. ENTIRE AGREEMENT; SEVERABILITY

This LPR contains the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, understandings, and representations. If any provision of this LPR is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

11. AMENDMENT; WAIVER; COUNTERPARTS

This LPR may be amended or waived only by a written instrument signed by both Principal and Agent. This LPR may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument.

12. REPRESENTATIONS AND WARRANTIES

Each party represents and warrants that it has full capacity and authority to enter into this LPR and that no further approvals are required to grant or accept the powers herein. Principal further represents that the powers granted do not contravene any existing agreement or court order.

ADDITIONAL INSTRUCTIONS AND SPECIAL TERMS

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