Who are the parties involved in a procuration?

In a procuration, the correct parties involved are the principal and representative. The principal is the individual who grants authority and empowers someone else, the representative, to act on their behalf. This legal relationship is established through a power of attorney or a similar document, allowing the representative to carry out specific tasks or make decisions regarding the principal’s affairs.

This concept is fundamental in notary practice since a notary often witnesses the signing of these documents, ensuring that the principal understands the authority being granted and that the representative will act in accordance with the wishes of the principal. The relationship defined by a procuration is largely about delegation of authority, which is pivotal in various legal contexts, such as financial transactions or legal matters.

In contrast, while options like guardian, creditor, and beneficiary do denote certain relationships and duties, they do not specifically represent the essence of procuration, which is characterized by the delegation of authority from the principal to an agent or representative. Understanding this distinction is crucial for anyone involved in notary practice and helps clarify the role different parties play in legal documents and transactions.