What is the difference between a power of attorney and a representation agreement?

A power of attorney is a document that appoints another person, called an "attorney," to make financial and legal decisions for you.But your attorney can't make health care decisions for you. To deal with health care decisions, you can make what is called a representation agreement.

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Representation Agreement between Agent and Professional Rodeo Cowboy...

Representation Agreement between Agent and Professional Rodeo Cowboy regarding Procurement by Agent of Endorsements and Paid Appearances for Cowboy

Category:

Contracts - Agency

State:

Multi-State

Control #:

US-01347BG

Format:

Instant download

Description

Sports contracts can be divided into three general categories:

" professional services contracts (e.g., between the athlete and the team);

" endorsement contracts, and

" appearance contracts.

Unlike the professional services contract, the endorsement contract does not involve an employer-employee relationship. Rather, it is one of contractor- independent contractor. An endorsement contract is one that grants the sponsor the right to use (i.e., license) the athletes name, image, or likeness in connection with advertising the sponsors products or services. There are no set rules for an endorsement agreement other than that they be legal. The more an sponsor feels that the athlete can assist in the sales of the particular product, the greater the likelihood of more money.

An appearance contract compensates the athlete for appearing at a public function (e.g., sports camp, golf tournament, store openings, etc.)

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FAQ

A representation agreement is similar to a power of attorney but allows you to appoint someone to deal with personal, medical, and health care matters if you are unable to do so yourself. It allows you to state who will be able to make personal and health care decisions for you if you become incapable of doing so.

A power of attorney is a document that appoints another person, called an "attorney," to make financial and legal decisions for you.But your attorney can't make health care decisions for you. To deal with health care decisions, you can make what is called a representation agreement.

A buyer representation (agency) agreement is a contract that delineates the relationship between a prospective home purchaser and a real estate broker or agency. While the agreement serves as good protection for the real estate agent, the home buyer can get significant value out of it as well.

A Representation Agreement is the only way to authorize someone called your representative to assist you or to act on your behalf for health care and personal care matters. Some might use a Representation Agreement to cover routine financial affairs and legal matters.

General Power of Attorney. Durable Power of Attorney. Special or Limited Power of Attorney. Springing Durable Power of Attorney.

Power of Attorney (POA) is a written authorization granting another person the power to act on behalf of an individual in private affairs, business or other legal matters.The individual authorized to act on the principal's behalf is referred to as the agent or attorney.

The exclusive right-to-represent contract is the most common buyer representation agreement and best protects the agent.

If you do not make a Representation Agreement and you become incapable of consent for medical treatment, the doctor and other health care providers will select someone to be your 'Temporary Substitute Decision Maker' (TSDM).A TSDM only has authority to make health care decisions.