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The affidavit of execution contains three main components: the preamble, the body, and the jurat. The preamble is the introductory section, while the body is typically single-spaced with double spacing between numbered paragraphs. The most crucial part is the jurat, where the deponent signs, and the signature is commissioned by a commissioner for oaths. An easy way to format the jurat is by using a table function, as demonstrated in the accompanying video tutorial. This type of affidavit is commonly used whenever a signature on a document needs to be commissioned, making it widely applicable across various situations.