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What does “Known all men present” mean?

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What does “Known all men present” mean?

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Well in the general power of attorney a passage starts with: “KNOWN ALL MEN PRESENT” And the passage itself is: KNOWN ALL MEN PRESENT that we, “The company”, a company created in Some country under registration number 123456789, having its Registered Office Unit Somewhere in the World, henceforth called “the Company”, acting in accordance with the Constitution of the Company hereby appoint; I would gladly appreciate the explanation for the phrase in capital letters.

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