From Law wiki, the wiki for law researchAlso called a 'specialty contract'. This meta of contract takes the form of a deed (see: Deed), and therefore imposes greater legal obligations on the signatories than a simple contract. For example, in most cases claims for Damages against a contract by deed can be entered up to 12 years from the date of coming into effect; this term is 6 years in the case of a simple Contract under hand. Contracts by deed have historically been authenticated using a seal; however, this has become something of a formality recently. In any event, many contractees don't have private seals. In many cases the fact that the contract is to be treated as a deed is indicated by the form of words of the contract. For example, the Law of property miscellaneous provisions act (1989) indicates that a contract will be treated as a deed if it is clear that that is the intent of the signatories. Land transfers should contain the phrase 'signed as deed'. Contributors This page was last modified on 23 December 2011, at 07:00.This page has been accessed 2,958 times.
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