What Is a Contract under Hand

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    As a professional, it`s important to understand legal jargon, including the term “contract under hand.” In simple terms, a contract under hand is a legally binding agreement that is not signed and sealed by a lawyer or notary public, but rather by the parties involved.

    In early English law, contracts under hand were considered less official than those signed and sealed by a lawyer or notary public. However, over time, contracts under hand have become widely accepted as legally binding agreements.

    Contracts under hand are often used in informal agreements between friends, family members, or business associates. For example, a contract under hand may be used to formalize a loan between two friends or a partnership agreement between business associates.

    Despite not being signed and sealed by a lawyer or notary public, contracts under hand are just as legally binding as those that are. However, it`s important to note that a contract under hand may be challenged in court if it is proven that the agreement was not entered into willingly, or if any illegal or unethical activities were involved.

    If you are considering entering into a contract under hand, it`s important to understand the terms of the agreement and seek legal advice if necessary. It`s also important to ensure that both parties agree to the terms of the contract before signing.

    In conclusion, a contract under hand is a legally binding agreement that is not signed and sealed by a lawyer or notary public, but rather by the parties involved. Despite its informal nature, a contract under hand is just as legally binding as those signed and sealed by a lawyer or notary public. However, it`s important to seek legal advice if necessary and ensure that both parties agree to the terms of the contract before signing.