Instant & handshake
Consent to Act
A principal authorizes one named agent to do one named act on the principal's behalf, until a stated expiry date, until the act is done, or until the principal withdraws it, whichever comes first.
Recital
The words each party hears or reads before consenting. Bracketed names are the fields below.
I, [party_a], authorize [party_b] to do one act on my behalf: [act].
This authority covers that act only. [party_b] may not do anything else in my name and may not pass this authority to anyone else.
It ends on [expires_on], when the act is done, or when I withdraw it by notice to [party_b], whichever comes first.
What [party_b] does within this authority before it ends binds me as if I had done it.
Any dispute is settled under the attached clauses.
I intend to be bound by these terms, and I give this consent on [date].
The date is filled when consent is recorded; [date] is not one of the fields.
Fields
| Field | Label | Type | Limits |
|---|
party_a | Principal | Party | — |
party_b | Agent | Party | — |
act | The one act authorized | Text | up to 280 characters |
expires_on | Authority expires on | Date | — |
Clauses
[party_a] (the principal) appoints [party_b] (the agent) to perform one act on the principal's behalf: [act]. The authority is limited to that act, performed once, on the terms the principal has stated. The agent may not perform any other act in the principal's name, may not sign, pay or commit for the principal beyond what that act strictly requires, and may not delegate or transfer the authority to anyone else. The authority ends at the earliest of 23:59 on [expires_on] in the principal's local time, the completion of the act, or the agent's receipt of the principal's written or recorded withdrawal. The agent will act honestly and in the principal's interest, keep a record of what it did, and report it to the principal promptly. An act the agent performs within this authority before it ends binds the principal; an act outside it does not, unless the principal later approves it in writing. This consent is not a general power of attorney and does not authorize any act for which the governing law requires a particular form of appointment; for such an act the parties must use that form.
This agreement is governed by the law of the jurisdiction selected for it when the parties consent, chosen from the jurisdictions listed for this template, without regard to that jurisdiction's conflict-of-laws rules. Where the selected jurisdiction is the United Arab Emirates, the governing law is the law of the Dubai International Financial Centre (DIFC). If no jurisdiction is selected, the law of the State of Wyoming applies.
Any dispute arising out of or relating to this agreement, including its formation, is finally resolved by confidential arbitration before a single arbitrator, seated in the jurisdiction whose law governs this agreement; where the selected jurisdiction is the United Arab Emirates, the seat is the Dubai International Financial Centre (DIFC). The arbitration follows rules the parties agree in writing or, failing agreement within 30 days of a written notice of dispute, the UNCITRAL Arbitration Rules. The language of the arbitration is English. Judgment on the award may be entered in any court with jurisdiction. Either party may ask a court for urgent interim relief to protect confidential information or preserve the status quo pending the arbitration.
Jurisdiction notes
The regime notes from the Legal-X jurisdiction dossiers, for each jurisdiction this template is written for.
Wyoming USWYDigital-asset property & DAO entitiesState law cannot override federal securities or banking law.
Delaware & Federal USDECorporate law + federal securitiesSecurities status turns on the facts of each offering — the ledger does not change it.
New York USNYCommercial law + DFS supervisionDoing virtual-currency business with New York residents needs a licence.
United Kingdom GBCommon-law property recognitionProperty status is settled; regulated activity is still FCA territory.
