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A deed is a signed legal document that transfers ownership of an asset to a new owner. Deeds are most commonly used to transfer ownership of property or vehicles between two parties. The purpose of a deed is to transfer a title, the legal ownership of a property or asset, from one person or company to another.

Examples of a deed are deeds of hypothecation for creating charge on movable properties in favour of the banks/financial institutions etc. An agreement by its name suggests that there should be at least two parties signing/approving the same. Examples of an agreement are agreement to sale, loan agreement etc.

Signing contracts or executing a deed ? the difference A document signed under hand is a document like a contract or agreement. Usually only one signature is needed from any party entering into the contract. The rest of this note will refer to a document signed under hand as a ?simple contract?.

A deed is a written document which is executed with the necessary formality (that is, more than a simple signature), and by which an interest, right or property passes or is confirmed, or an obligation binding on some person is created or confirmed. Deeds are generally enforceable despite any lack of consideration.

In California, a deed of trust must come with security, typically a promissory note. To `be valid, a deed of trust must be (1) in writing, (2) with a description of the property, and (3) signed by the trustor of the deed of trust.

Contracts may be executed under seal (signed by the parties, witnessed and most importantly made clear that it is executed as a deed - see below) or under hand (a 'simple contract' that is just signed by the parties).

In Sacramento, call (916) 874-6334. To transfer ownership, disclaim ownership, or add someone to title, you will choose between a ?grant deed? and a ?quitclaim deed.? Spouses/domestic partners transferring property between each other may choose an ?interspousal deed.? Blank deeds are available at saclaw.org/forms.

Essentially they differ, as the limitation period for bringing a claim, or conversely the liability for defending a claim, is six years for a contract that is executed under hand, whereas for contracts executed as a deed the period of limitation is twelve years.