It is not clear from the statement of the question about what sort of power of attorney is in place and what the purpose of that power of attorney is. We will assume for the purposes of this discussion that it is a power of attorney signed by an inventor giving his/her patent counsel power of attorney to transact business with the United States Patent and Trademark Office for the purposes of prosecuting a patent application. In that context, a power of attorney ends when a subsequent power of attorney is prepared and executed revoking any previous power of attorney, or when a Request to Withdraw as Attorney is filed and granted by the United States Patent and Trademark Office. In other more general contexts, a power of attorney may end when the matter for which it was prepared and executed ends, or when certain conditions stated on the power of attorney itself are met. You should, of course, seek the advice of counsel for guidance along with your particular fact scenario so that a power of attorney can be prepared and executed to best meet your business objectives.
Answered on Jul 14th, 2013 at 11:18 AM