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Simple English definitions for legal terms
procurator negotiorum
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A quick definition of procurator negotiorum:
Term: PROCURATOR NEGOTIORUM
Definition: A procurator negotiorum is a person who manages the business affairs of another. They are like a helper or assistant who takes care of important tasks for someone else. In legal terms, they are also known as an attorney-in-fact.
A more thorough explanation:
PROCURATOR NEGOTIORUM
A procurator negotiorum is a type of attorney-in-fact who manages the business affairs of another person.
For example, if a person is unable to manage their own business affairs due to illness or absence, they may appoint a procurator negotiorum to act on their behalf. The procurator negotiorum would have the legal authority to make decisions and sign contracts on behalf of the person they represent.
Another example would be a company hiring a procurator negotiorum to manage their business affairs in a foreign country. The procurator negotiorum would be responsible for negotiating contracts, managing finances, and making decisions on behalf of the company.
The examples illustrate how a procurator negotiorum is a person who is authorized to manage the business affairs of another person or entity. This can be done for a variety of reasons, such as illness, absence, or the need for specialized expertise in a particular area. The procurator negotiorum has legal authority to act on behalf of the person or entity they represent, and is responsible for making decisions and managing business affairs in a professional and ethical manner.