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Indentured With Meaning In Collin

State:
Multi-State
County:
Collin
Control #:
US-00195
Format:
Word; 
Rich Text
Instant download

Description

The Release and Cancellation of Trust Agreement/Trust Indenture serves as a formal document to acknowledge that the obligations under a previously recorded trust agreement or indenture have been satisfied. This cancellation effectively releases any associated liens or encumbrances, allowing for a clear title on the property involved. It requires the signatures of authorized representatives from the county and may involve notary acknowledgments to verify the identities and capacities of those signing. The form is essential for ensuring that all parties are in agreement regarding the termination of the trust agreement, and it prompts the Chancery Clerk to record this cancellation officially. This document is particularly useful for attorneys and paralegals who facilitate property transactions, partners and owners looking to settle agreements, and legal assistants who manage documentation for real estate dealings. Proper filling instructions emphasize clarity and accuracy, ensuring that county records reflect the updated status of the property without any lingering encumbrances. The utility of this form is significant for maintaining fair property transactions and resolving legal obligations efficiently.
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FAQ

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.

An indenture is a legal contract between two parties, whether for indentured labour or a term of apprenticeship or for certain land transactions.

: a person who signs and is bound by indentures to work for another for a specified time especially in return for payment of travel expenses, food, and shelter.

Indentured servitude is a form of labor in which a person is contracted to work without salary for a specific number of years. The contract called an "indenture", may be entered voluntarily for a prepaid lump sum, as payment for some good or service (e.g. travel), purported eventual compensation, or debt repayment.

The indentured workers (known derogatively as 'coolies') were recruited from India, China and from the Pacific and signed a contract in their own countries to work abroad for a period of 5 years or more.

Duties. 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.

A deed made between two or more parties who are not acting as one person. The word indenture originated in the days when the requisite number of copies of a deed would be engrossed onto a single piece of parchment, which would then be cut into individual deeds, with each party holding his own copy.

The term comes from the medieval English "indenture of retainer"—a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged (toothed, hence the term "indenture") line so that the teeth of the two parts could later be refitted to confirm authenticity (chirograph).

/ɪnˈden.tʃɚ/ Add to word list Add to word list. (in the past) to officially agree that someone, often a young person, will work for someone else, especially in order to learn a job: be indentured to He was indentured to a carpenter. The land was worked on by indentured servants.

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Indentured With Meaning In Collin