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What does Deed mean?
Under the law, deeds are documents by which an individual is empowered with a certain right (ownership for example). It is a bilateral legally binding document, hence it can be compared to a contract which has the same almost attributions.
A deed is the document used to transmit title of real estates among two persons, and the document is not valuable unless it has been both signed and sealed. Moreover, it has to be also delivered, meaning that the eventual proprietor must accept the document in order for it to enter into force. |