North Sydney Commercial Lawyers

The Danger of DeedsPrint This Post

The Danger of Deeds, many business people are not aware that unlike “agreements”, a “deed” is binding on the maker of it, even though the counterparts have not been exchanged, as long as it has been “signed, sealed and delivered” – Vincent v Premo Enterprises (Voucher Sales) Ltd [1969] 2 QB 609 at 612.

So beware, you may find yourself bound by an arrangement even where the other side never signs the counterpart and no formal exchange ever takes place! Always get professional help when using deeds.