Solicitors & Lawyers
Legal Definitions
Term: deed
1.
A form of contract whereby an interest, right or property passes or an obligation to bind a person is created without consideration. Deeds have certain formal requirements in order to be enforceable. Contracts are void and unenforceable unless consideration moves from the promisee and deeds provide a alternate mechanism to avoid this contingency.
Usage: A confidentiality agreement was signed by an employee as a deed.
Related Words: consideration; contract; deed poll; mortgage; property; land registry; land.
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