Changes

A '''deed''' is a written legal instrument that describes the rights and obligations of parties to it.  A deed differs from a [[contract]] in that it requires no consideration to be effective and it retains its force until it is discharged by another deed, or by the requirements of the deed itself. Deeds are required to set up a [[trust]] and (in some jurisdictions) to transfer real property and to allow securities to attach to land.  Deeds must be kept in a solicitors or attorneys office until discharged.

A '''deed''' is a written legal instrument that describes the rights and obligations of parties to it.  A deed differs from a [[contract]] in that it requires no consideration to be effective and it retains its force until it is discharged by another deed, or by the requirements of the deed itself.

 

Deeds are required to set up a [[trust]], to transfer real property (in many cases) and to allow securities to attach to land.  Deeds must be kept in a solicitors or attorneys office until discharged.

[[Category:Legal Terms]]

[[Category:Legal Terms]]