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GIVE LEGAL RECOGNITION TO YOUR BUSINESS
Choose the right path for your business by consulting our business incorporation experts. Take your first step today.
Choose the right path for your business by consulting our business incorporation experts. Take your first step today.
a legal document that is signed and delivered, especially one regarding the ownership of property or legal rights.
There are various forms of deeds with the conditions per jurisdiction varying. A deed is usually any written legal document that transfers, affirms, or confirms the interest, rights, property, etc. A valid deed requires that the grantor, the original owner of the land conveys his interest to the guarantee, the recipient of the title. It is also important that the grantor must have legal capacity, which means that the grantor must be the person with a sound mind and with a lawful age- in most of the places the minimum age to fulfil the criteria for legal capacity is eighteen. Besides, a deed is a special type of binding promise to do something.
The basics of contract law are proposing and accepting an agreement to be legally obligated on consideration. Consideration forms the stem for an agreement, the parties need consideration to show that they have ‘bought’ the promise by doing some act or providing something in return for the promise. In contrast to the agreement or contract, there is no requirement for consideration for a deed, consideration is not mandatory, a deed does not need consideration because of the idea that a deed is the most solemn indication that the parties are intended to be bound.
