Sealed The Agreement

Delivery is made either by actual delivery to the other party or by the intention that the act is effective, even if it remains held by the party performing it. It is the only formal contract because it deduces its validity from the form in which it is expressed and not from the fact of the agreement or consideration. Some courts even find that a specific provision in the contract, which states that both parties consider the document to be sealed, is sufficient proof of the seal, even if there is no seal. Unlike a sealed contract, an ordinary contract requires consideration which is a promise. Such a reflection could simply be a promise to do something in exchange for something else. For example, it could be a promise to sell your car to someone else for a fee. It is consistent between the parties when signed, sealed and delivered. The justification for this particular treatment of sealed contracts can be understood in the light of the legal formalities related to the waterproofing of a document with a waxed seal. First, the next legal formality of affixing a seal to a document is proof of the existence of a contract.

Secondly, the need to use a label – which everyone knows has legal meaning – has served to give the parties the importance of the agreement reached. This element of reflection is important in the context of many legal theories about why pledges are generally not enforceable in the same way as contracts: there is concern that pledges are sometimes under pressure (e.g.B by family members) without proper reflection, this explains why a requirement for the legal formality of the seal can replace the consideration of pledges. Third, the success of the legal formalities using a label clearly demonstrated that the parties intended to make a transaction. [1] A sealed contract is also called a special contract, act, pact or special contract. It is a formal treaty that does not require the counterpart element and on which a seal of the signatory is affixed. A sealed contract itself requires the written form. Once signed, sealed and delivered, it becomes a formally sealed contract. Historically, the requirements that differentiated an act from other legal instruments of the contract were its form, legal value and delivery….