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An affidavit of execution consists of three main components: the preamble at the top, the body, and the jurat at the bottom. The body is typically single-spaced with double spacing between numbered paragraphs. The jurat is a crucial section where the deponent signs and the signature is commissioned by a commissioner for oaths. A convenient method for formatting the jurat is by using the table feature, as demonstrated in the accompanying video. The affidavit of execution is widely used for various applications where a signature needs commissioning, often serving as a standard document for individuals signing important papers.