CONTRACT UNDER SEAL Meaning and
Definition
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A contract under seal is a legally binding agreement that is formalized by the affixing of a seal onto the document. Traditionally, a seal would be a wax seal impressed with an emblem or sigil that would be attached to the document, but in modern times, a seal may take the form of a digital or electronic signature. The purpose of using a seal is to signify the intention of the parties involved to create a solemn and formal agreement, which carries significant legal weight.
A contract under seal holds additional legal significance compared to an ordinary contract, as it is presumed to have been made with careful consideration of all the terms and conditions stated within it. It is often seen as more difficult to challenge or alter a contract under seal, as it is viewed as a more serious commitment.
In some jurisdictions, having a contract under seal may provide the parties with certain advantages, such as extending the time period for bringing a legal claim or allowing the contract to be enforceable for a longer duration. However, it is important to note that the legal significance of a contract under seal may vary depending on the jurisdiction and the specific circumstances of the case.
While the use of contracts under seal has diminished over time, they may still be utilized in situations where parties desire a heightened level of formality and legal protection.
Common Misspellings for CONTRACT UNDER SEAL
- xontract under seal
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- dontract under seal
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- conrract under seal
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