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Power of Attorney Termination Letter by Principal

Last revision Last revision 23-07-2024
Formats FormatsWord and PDF
Size Size1 to 2 pages
Fill out the template

Last revisionLast revision: 23-07-2024

FormatsAvailable formats: Word and PDF

SizeSize: 1 to 2 pages

Fill out the template

The Power of Attorney Termination Letter by the Principal is a formal and legal document used by the Principal to terminate the powers granted to an Attorney under a Power of Attorney Agreement.

The Power of Attorney is a document used by a person to plan their future and decide who will make decisions on their behalf to manage their affairs in their absence or inability to act. The person giving authority under a Power of Attorney is called the "Principal" and the person acting on behalf of the Principal is called the "Attorney".

If the Attorney want to resign from his position as an attorney, they can use a separate letter named Power of Attorney Resignation Letter.

 

How to use this document?

This Letter can be used to terminate any type of Power of Attorney, including General Power of Attorney and Power of Attorney for Property. The Principal may terminate the Power of Attorney for various reasons, such as the Attorney's failure to perform their responsibilities appropriately or the Principal's decision to appoint a new Attorney.

Before preparing this Letter, the contents of the original Power of Attorney are required to be reviewed to ensure compliance with its contents such as notice period, effective date, termination procedures, etc. Once prepared, the Letter should be sent to the Attorney via registered post with an acknowledgement receipt or email.

Also, a copy needs to be served to all involved parties, including banks, institutions, and entities where the Attorney represents the Principal under the Power of Attorney. It is better to publish the termination in a local newspaper to inform the general public and other stakeholders regarding the termination. If required, legal advice can be sought to effectively resign from the responsibilities as an Attorney. To have strong legal support this Letter can be notarized by a public notary.

If the Original Power of Attorney is registered with a sub-registrar, the termination letter also needs to be registered with the same sub-registrar.

 

Applicable law

The general rules of the Powers of Attorney Act, of 1882 and the Indian Contract Act, 1872 will be applicable here.

 

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