Legal guide to executing Deeds

The use of deeds is common in commercial transactions, so it is important to understand how to execute them correctly. There are strict requirements and if an individual, partnership or company does not follow these requirements, a court will not enforce the deed. This article will set out the process of correctly executing deeds for different business structures and arrangements.

What is a Deed?

A deed is a binding promise or commitment to do something. It is important to note that deeds are different from agreements or contracts.

At its simplest, the main difference between a deed and an agreement or contract is that a deed does not require consideration (i.e. the exchange of something valuable such as money) to be binding.