A proxy can also be revoked unless the terms of the proxy say otherwise.
Puerto Rico Revocation of Proxy is a legal document used to terminate a proxy appointment made by an individual or entity in Puerto Rico. This document holds significant importance as it allows the principal to revoke the authority previously granted to another person, known as the proxy, to act on their behalf. The Puerto Rico Revocation of Proxy is typically utilized when the principal decides to either assume control over their affairs again or appoint a new representative to act on their behalf. This revocation effectively cancels the previous proxy appointment and ensures that the proxy no longer has the legal authority to make decisions or act on behalf of the principal. There are several types of Puerto Rico Revocation of Proxy, which may vary depending on specific circumstances and legal requirements. Some common types include: 1. General Revocation of Proxy: This type of revocation applies to all powers and authorities previously granted to the proxy, terminating their ability to represent the principal in any capacity. 2. Limited Revocation of Proxy: Unlike the general revocation, this type only terminates certain powers or limits the proxy's authority in specific areas as specified by the principal. A detailed description of the limitations or revoked powers should be explicitly stated in the document. 3. Specific Event Revocation of Proxy: This revocation comes into effect upon the occurrence of a particular event specified by the principal. For example, it may be triggered if the proxy fails to fulfill their obligations or breaches the terms of the proxy appointment. 4. Conditional Revocation of Proxy: This type of revocation is dependent on specific conditions set by the principal. It outlines that the proxy's authority will be revoked only if certain conditions, such as the principal's incapacitation or the completion of a specified task, are met. When drafting a Puerto Rico Revocation of Proxy, it is vital to include essential information such as the principal's full name and contact details, the proxy's full name and contact details, the date when the proxy appointment was made, and any relevant identification numbers or legal references. Furthermore, the document should clearly state the intent to revoke the proxy appointment and indicate whether it is a general, limited, specific event, or conditional revocation. Overall, a Puerto Rico Revocation of Proxy is a legally binding document that allows a principal in Puerto Rico to terminate the authority previously granted to a proxy. Whether it's a general, limited, specific event, or conditional revocation, this document ensures that the principal resumes control over their affairs or appoints a new representative to act on their behalf. It is always recommended consulting with a legal professional to ensure compliance with Puerto Rico laws and tailor the document to specific circumstances.
