Legal Contracts Software Generator - Legal Contract Agreement Template for Power Of Acceptance

# Power of Acceptance Agreement **This Power of Acceptance Agreement ("Agreement") is made and entered into as of [Insert Date] ("Effective Date"), by and between:** **1. [Name of Grantor/Client]** Address: [Insert Address] Email: [Insert Email] Phone Number: [Insert Phone Number] **(hereinafter referred to as "Grantor")** **AND** **2. [Name of Grantee/Recipient]** Address: [Insert Address] Email: [Insert Email] Phone Number: [Insert Phone Number] **(hereinafter referred to as "Grantee")** ### RECITALS WHEREAS, the Grantor wishes to grant the Grantee the authority to accept certain actions, transactions, or documents on their behalf as outlined in this Agreement; AND WHEREAS, the Grantee agrees to accept such authority under the terms specified herein. ### AGREEMENT **1. Authority Granted** The Grantor hereby grants the Grantee the power and authority to accept on behalf of the Grantor any and all agreements or documents as outlined in this Agreement, including but not limited to: - [Insert Specific Actions or Transactions] **2. Duration** This power of acceptance shall commence on the Effective Date and shall continue until revoked in writing by the Grantor or until the completion of the transactions specified herein. **3. Responsibilities of the Grantee** The Grantee agrees to: - Act in the best interest of the Grantor; - Accept only those actions or documents that are expressly outlined in this Agreement; - Notify the Grantor promptly of any acceptance performed under the authority granted by this Agreement. **4. Revocation of Authority** The Grantor reserves the right to revoke this power of acceptance at any time by providing written notice to the Grantee. Upon receipt of such notice, the Grantee shall immediately cease to exercise any powers granted under this Agreement. **5. Indemnification** The Grantee agrees to indemnify and hold the Grantor harmless from any claims, losses, or damages that arise due to the Grantee's acceptance of any actions or documents that are not expressly authorized by this Agreement. **6. Governing Law** This Agreement shall be governed by and construed in accordance with the laws of the State of [Insert State]. **7. Entire Agreement** This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions, agreements, or representations, whether oral or written, regarding the subject matter herein. **8. Amendments** No amendment to this Agreement shall be effective unless in writing and signed by both parties. ### IN WITNESS WHEREOF, the parties hereto have executed this Power of Acceptance Agreement as of the date first above written. **GRANTOR:** Signature: ____________________________ Name: [Print Name] Title (if applicable): [Insert Title] Date: ________________________________ **GRANTEE:** Signature: ____________________________ Name: [Print Name] Title (if applicable): [Insert Title] Date: ________________________________ --- **Note:** This template serves as a general example and may require adjustments to meet specific legal requirements. It is advisable to consult with a legal professional before finalizing any contract.