Fuldmagter

Fuldmagt is a Danish legal term that translates to "power of attorney" or "proxy." It is a written authorization given by one person (the principal) to another person (the agent or attorney-in-fact) to act on their behalf in legal, financial, or other matters. This authority can be broad or limited, depending on the specific terms outlined in the fuldmagt document.

There are several types of fuldmagter. A general fuldmagt grants the agent broad powers to act on the principal's behalf in most matters. A special fuldmagt, on the other hand, limits the agent's authority to specific transactions or areas. For example, a special fuldmagt might authorize someone to sell a particular property or manage a specific bank account.

Fuldmagter are often used when a person is unable to manage their affairs due to illness, absence, or other incapacities. They can also be used for convenience, allowing someone else to handle certain tasks. It is important that a fuldmagt is clearly written and specifies the scope of the agent's powers. In some cases, a fuldmagt may need to be notarized or registered with relevant authorities to be legally binding. The agent has a fiduciary duty to act in the principal's best interest.