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Definitions from WordNet

Definitions from the Web

Contract under seal

Description:

A contract under seal, also known as a sealed contract or specialty contract, is a legal agreement that has been executed using a seal. This seal, often in the form of a wax impression or a stamp, is placed on the document to signify the intention of the parties involved to be bound by its terms and conditions.

Senses:

• Noun (Legal): A legally binding agreement that has a seal affixed to it.

Usages:

1. In some jurisdictions, a contract under seal carries more weight than a regular contract.
2. Although not as common nowadays, contract under seal is still used for certain types of agreements, such as deeds and certain financial transactions.
3. When signing a contract under seal, it is crucial to ensure that all parties understand and agree to the terms.

Sample Sentences:

• They decided to execute a contract under seal to guarantee the validity of their agreement.
• The contract under seal clearly stated the obligations and rights of both parties.
• Due to the presence of a seal, the court recognized the contract under seal as a binding agreement.

Related Products:

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