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Contract by deed


Certain contracts are not binding unless made by deed. These are: (1) gratuitous promises; (2) transfers of shares in statutory companies; (3) transfers of British ships or shares in them; (4) conditional bills of sale; (5) legal mortgages of land or an interest therein; (6) certain leases of land, tenements or hereditaments for more than three years.

Reference: The Penguin Business Dictionary, 3rd edt.