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ARTICLE · 04 JULY 2023

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Consideration And Deeds

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Today English law becomes common for practitioners outside of the United Kingdom due to its flexibility and widespread around the world. In this article we will briefly describe two issues...

United KingdomEmployment and HR
Mikalai Harelik
Mikalai Harelik
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Today English law becomes common for practitioners outside of the United Kingdom due to its flexibility and widespread around the world. In this article we will briefly describe two issues, which, among others, interest those who start working with English law: consideration and deed.

In English law there are two main types of contracts that are used to conclude deals and establish legal obligations: contracts by deed and simple contracts. Both types of contracts although being alike have their own unique characteristics which can affect the validity and strength of legal obligations.

To start, it is important to note that all agreements in English law are categorized as either binding or non-binding. Binding agreements, in its turn, are further classified as either simple contracts or contracts by deed.

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