The attorney-in-fact of the company is the person appointed by the administrator of the company who can act with certain capacities that are set out in a notarial deed, the power of attorney.

Within this power of attorney, the attorney-in-fact must comply with a series of previously agreed rights and obligations. These could include the ability to make collections and payments, sign documents before agencies or act in court if necessary, among others. All with the objective of making any decision on a daily basis in the company, during a period of time or indefinitely.

Having a power of attorney does not entail an employment relationship or association. Also, in case it is necessary to revoke a power of attorney, it would not be equivalent to a dismissal if there were to be a labor association.

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