Oklahoma Motor Vehicle Power of Attorney
This Oklahoma Motor Vehicle Power of Attorney ("Agreement") is made on, by, and between [YOUR NAME], residing at [YOUR ADDRESS] (the "Principal"), and [AGENT'S NAME], residing at [AGENT'S ADDRESS] (the "Agent").
I. Appointment of Agent
I, [YOUR NAME], the Principal, hereby appoint [AGENT'S NAME], the Agent, who is of legal age, to be my Attorney-In-Fact, to handle specific motor vehicle-related matters on their behalf within the state of Oklahoma.
II.Grant of Power
With respect to my motor vehicle, [VEHICLE SPECIFIC DETAILS], I grant my Agent the power to execute, in my name and on my behalf, all documents and forms required to complete the transaction for the purpose and intent indicated in this document. The Agent is granted the following roles and responsibilities:
Vehicle Sale or Transfer: The Agent is authorized to sell or transfer ownership of the Principal's vehicle(s) by signing necessary documents and representing the Principal in all related transactions.
Registration Renewal: The Agent is authorized to renew vehicle registration with the Oklahoma Tax Commission, including completing forms and paying registration fees on behalf of the Principal.
Title Application: The Agent is authorized to apply for a new title or duplicate title for the Principal's vehicle(s) as needed, including submitting required paperwork and paying associated fees.
Vehicle Purchase: The Agent is authorized to purchase a vehicle on behalf of the Principal, including negotiating terms, signing contracts, and completing necessary paperwork.
Insurance Matters: The Agent is authorized to handle insurance-related tasks for the Principal's vehicle(s), such as obtaining or canceling insurance policies, filing claims, and communicating with insurance providers.
III. Effective Date and Termination
This Power of Attorney shall be effective from the 20th Day of January 2050 and shall remain in effect until the 1st Day of March 2055, unless earlier revoked by the Principal or terminated by operation of law.
IV. Remedies and Penalties
In the event of any breach of this Power of Attorney by the Agent, the Principal reserves all legal rights and remedies available, including but not limited to:
Revocation of Power of Attorney: The Principal retains the right to revoke this Power of Attorney at any time by providing written notice to the Agent, with immediate effect, and notifying all relevant parties.
Liability: The Agent shall act in good faith and follow the Principal's instructions. However, the Agent shall be held liable for any losses or damages resulting from gross negligence or willful misconduct.
Court Intervention: If the Agent fails to act in the best interest of the Principal, the court may intervene and appoint a guardian or conservator to safeguard the Principal's rights and interests.
Legal Action: The Principal reserves the right to pursue legal action against the Agent for any breach of duty or misuse of authority granted under this Power of Attorney.
This provision serves to protect the interests of the Principal and uphold the integrity of this Power of Attorney agreement.
V. Signature Section
In witness whereof, the Principal and the Agent have executed this Oklahoma Motor Vehicle Power of Attorney on the date first above written.
Principal:
[YOUR NAME]
[DATE SIGNED]
Agent:
[AGENT'S NAME]
[DATE SIGNED]
VI. Witness Acknowledgement
We, the undersigned witnesses, certify that the Principal and the Agent signed this Oklahoma Motor Vehicle Power of Attorney in our presence.
Witness 1:
[WITNESS 1 NAME]
[DATE SIGNED]
Witness 2:
[WITNESS 2 NAME]
[DATE SIGNED]
VII. Notary Acknowledgement
On this 20th Day of January 2050, before me, a Notary Public in and for said county and state personally appeared [YOUR NAME] and [AGENT'S NAME], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
In witness whereof, I have hereunto set my hand and official seal.
[NOTARY PUBLIC'S NAME]
My Commission Expires:
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