US Legal Forms
Release and Cancellation of Trust Agreement - Trust Indenture

Indenture Meaning With Examples In Collin

Category:

Trusts - Termination

State:

Multi-State

County:

Collin

Control #:

US-00195

Format:

Instant download

Description

An indenture is a formal legal agreement outlining obligations between parties, often used in the context of trust agreements and real estate transactions. In Collin, the term refers specifically to a Trust Indenture, which is a document that establishes a trust and outlines the duties and responsibilities of the parties involved. The Release and Cancellation of Trust Agreement/Trust Indenture serves to formally cancel a pre-existing indenture once the obligations have been fulfilled, as evidenced by the signatures of the relevant parties. Key features of this form include the acknowledgment of satisfaction of obligations, the cancellation of liens and encumbrances, and the authorization for the Chancery Clerk to update land records. Filling out this form involves specifying the parties involved, providing the date of the original indenture, and obtaining signatures along with notarization. This form is particularly useful for attorneys and paralegals when they need to formally close out a trust agreement, ensuring that all legal requirements are met. It aids partners and owners by releasing them from prior obligations and clarifying their current status regarding any property encumbrances, thus streamlining real estate transactions.

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FAQ

Some indentured servants served as cooks, gardeners, housekeepers, field workers, or general laborers, while others learned specific trades such as blacksmithing, plastering, and bricklaying, which they often parlayed into future careers.

In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.

An indenture is a particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.

The terms of the Indenture are tailored to reflect the specific type of transaction and issuer. Like credit agreements,1 an Indenture contains lending and repayment terms. In contrast to credit agreements, however, the lender is not a party to an Indenture.

: a written agreement : contract. 2. : a contract by which one person is made to work for another for a stated period. often used in plural. indenture.

: required by contract to work for another for a certain period of time.

Indenture. n. a type of real property deed in which two parties agree to continuing mutual obligations. One party may agree to maintain the property, while the other agrees to make periodic payments. 2) a contract binding one person to work for another.

To be indentured is to be forced to work by some contract. It started out as a word for a contract between masters and apprentices. Now it describes anyone bound to work, like it or not, because of some deal. Use the adjective indentured to describe someone who's bound or attached in a legal sense.

Meaning of indentured in English relating to an official agreement that someone will work for someone else for a length of time, especially in order to learn a job: He served an indentured apprenticeship in mechanical engineering.