Sep 24th, 2004, 12:29 AM
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#1
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Enemy or Ally?
Joined: Jan 2002
Posts: 4,023
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Urgent, Need Help ASAP!
Sorry to trouble you guys but I need help with understanding something and I hope someone on here knows what it means. I need help understanding this:
Quote:
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The Seller does hereby constitute appoint the Buyer as the Seller's true lawful attorney with full power of substitution for it in its name, place stead or otherwise, but on behalf of for the benefit of the Buyer, to demand and receive from time to time any and all assets, properties rights, whether real, personal mixed, tangible intangible, which are hereby bargained, sold, transferred, assigned conveyed, to give receipts releases for in respect of the same, any part thereof, from time to time to institute prosecute in the name of the Seller or otherwise, at the Seller's expense for the benefit of the Buyer, any all proceedings at law, in equity or rights or title of any kind in the assets, properties, rights privileges, generally, to do any all such acts things in relation thereto as the Buyer shall deem advisable. The Seller hereby declares that the appointment hereby made the powers hereby granted are coupled with an interest are, shall be irrevocable by the Seller in any manner or for any reason, provided that nothing herein contained shall be deemed to enlarge the rights given the Buyer under the Agreement.
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If anyone does understand this, I need an explanation right away for my family. If no one understands this, that means this statement is just bullsh*t and the other party is just messing with us. 
Thanks in advance!!
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Last edited by merylsilverburg; Sep 24th, 2004 at 12:30 AM..
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