Legal Definitions - with full power

The phrase "with full power" means that an individual or group has been granted complete and unrestricted authority to act, make decisions, or execute tasks on behalf of another person or entity, within a clearly defined scope. It signifies that the person or group with this power can make final and binding decisions in the areas they are authorized to handle, without needing further approval or consultation.

• Example 1: Business Acquisition

  Imagine a large corporation planning to acquire a smaller technology company. The Board of Directors might empower their Chief Executive Officer (CEO) with full power to negotiate and finalize the acquisition agreement. This means the CEO can make all necessary decisions regarding the purchase price, terms, and conditions, and sign the final contract without needing to consult the Board for every detail or for final approval, as long as they operate within the general strategic guidelines set by the Board.

  How it illustrates the term: The CEO is given complete authority to act decisively and independently to close the deal, reflecting the "full power" granted to them for this specific transaction.

• Example 2: Legal Representation for a Property Sale

  Consider an elderly individual who lives abroad but owns a property they wish to sell in their home country. They might grant a trusted relative a specific type of power of attorney that includes full power to manage the sale. This would allow the relative to list the property, negotiate with potential buyers, sign all necessary sale documents, and handle the transfer of funds, all without needing to send documents back and forth for the owner's signature or approval at each step.

  How it illustrates the term: The relative possesses the complete legal authority to execute all aspects of the property sale as if they were the owner, demonstrating the comprehensive nature of "full power" in this context.

• Example 3: International Diplomatic Negotiations

  During a critical international summit, a country's lead diplomat might be sent with full power to negotiate and sign a new trade agreement. This means the diplomat has the authority to make concessions, agree to specific terms, and commit their country to the final treaty without having to constantly seek approval from their home government for every clause or amendment. Their signature on the final document would be binding for their nation.

  How it illustrates the term: The diplomat's ability to make definitive commitments and sign a binding agreement on behalf of their country exemplifies the comprehensive and final authority implied by being granted "full power."