How To Draw Up A Power Of Attorney Agreement

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How To Draw Up A Power Of Attorney Agreement
How To Draw Up A Power Of Attorney Agreement

Video: How To Draw Up A Power Of Attorney Agreement

Video: FORMAT OF GENERAL POWER OF ATTORNEY #LEGAL DRAFTING #POWEROFATTORNEY 2022, December
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To sell or buy a vehicle, you need to enter into a sales contract. But sometimes car owners do the other way and re-register the car with a power of attorney.

How to draw up a power of attorney agreement
How to draw up a power of attorney agreement

It is necessary

power of attorney

Instructions

Step 1

The transfer of rights to a vehicle using a power of attorney is not officially provided in our country. It can be used in cases of any legal processes involving a car: registration, presentation of the owner's rights when repairing a car, etc. Re-registering a vehicle using a power of attorney is quite risky for both parties.

Step 2

Anyone who sells a car still remains its owner, therefore, everything that happens to the vehicle falls into the area of ​​his responsibility. This means that the seller will have to pay fines for the car on their own (if any), and if the car is involved in a traffic accident, pay compensation as needed.

Step 3

The buyer will not be a full-fledged owner of the car, he will only be able to carry out certain manipulations prescribed in the text of the power of attorney. These include: passing a technical inspection, driving a vehicle, paying state and other duties, etc. But all this will be carried out only on behalf of the owner (who remains the seller).

Step 4

In addition, according to the documents, the owner of the car can terminate the issued power of attorney at any time. Then the buyer can get in huge trouble, since it will be illegal to be behind the wheel of a vehicle. It should be said that if the owner of the car leaves for another world, the power of attorney will automatically be invalidated, and the car (according to the legislation of the Russian Federation) will become the property of the heirs.

Step 5

The drawing up of a power of attorney must be carried out by a notary, who must legally confirm its legality and validity. But this method is not very reliable, so it is often used by people who need to hide their real location. It is especially popular with young people of military age who are evading military service.

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