Term
Power of representation
A power of representation (e.g. power to negotiate, proxy) is conferred by a judicial act. This is conferred through a statement to the party to be represented or to the business partner. A power of representation is a one-sided legal transaction that must be received, which is why receipt, but no acceptance is required. With real estate transactions, evidence of power of representation is required in publicly certified form at the land registry. A power of representation can expire through termination of the underlying legal relationship, or through the withdrawal or death of the representative. It should be noted here that a power conveyed by a declaration against a third party remains in force until its expiration is declared by the principal. If the representative has been issued with a document, their power against a trustful third party exists until the document has been returned or declared invalid.