Simple Contracts

Simple contracts is a kind of contract (otherwise known as informal contract) is a type of contract whether written or oral, which is not under seal. It can also be implied from the conducts of the parties. Formerly, this agreements were referred to as parol contracts, but nowadays lawyers apply the word parol specifically to… Continue reading Simple Contracts

Formal Contracts

A formal contract is a type of contract under seal, reduced to writing, signed by the parties contracting and impressed with a seal. Formal contracts are also called specialty contracts or deeds. Its features are that it must be signed, sealed and delivered.For signing, the person executing the deed can either sign (signature) or make… Continue reading Formal Contracts