Document background
The Power of Attorney and Declaration of Representative is essential in situations where an individual or entity needs to delegate authority to another party to act on their behalf in Austria. This document is commonly used in business transactions, real estate dealings, court proceedings, or when the principal is unable to personally handle certain matters. The document must comply with Austrian legal requirements, particularly those set forth in the Austrian Civil Code (ABGB) and may require notarization depending on its intended use. A Power Of Attorney And Declaration Of Representative typically includes detailed information about the principal and representative, specific powers granted, duration of authority, and revocation provisions. It's particularly important in cross-border situations where Austrian entities or assets are involved, and special consideration must be given to ensure the document meets both Austrian legal requirements and practical needs for its intended use.
