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The role of Deeds vs Agreements in settling disputes…

(With acknowledgements to Mondaq).

Some of the key differences between deeds and agreements include:

  • An agreement requires consideration to be valid. A deed does not require consideration.
  • Agreements are more flexible in form, and can be construed from multiple documents, while a deed must be in writing, signed and witnessed, with some written indication that it is intended to be a deed.
  • Actions for breach of an agreement must be brought within six years of the agreement, actions for breach of a deed may be brought within 12 years.
  • A deed must be witnessed by a third party to be valid, whilst an agreement does not.
  • Deeds will become enforceable as deeds once they are delivered to the other party, whilst agreements must only be executed by both parties to be enforceable.
By | 2018-12-04T01:34:53+00:00 December 4th, 2018|Springdale News|Comments Off on The role of Deeds vs Agreements in settling disputes…