Seal Meaning in Agreement

When two parties come together to form an agreement, it is common to see a seal as part of the agreement`s formalization process. However, not many people understand the meaning of a seal in an agreement. In this article, we will explore the meaning and importance of a seal in an agreement.

A seal is a legal mark that indicates the authenticity of an agreement. It is usually a stamped or embossed symbol that signifies the agreement has been accepted and confirmed by the parties involved. The seal was an early method of providing legal recognition to a document, and while it is not widely used today, it still holds legal weight in some jurisdictions.

Historically, the use of a seal can be traced back to ancient times when people used wax impressions as a means of authentication. In medieval Europe, seals were used on official documents to show that they had been approved by a monarch or his representatives. The use of seals in this way continued through the centuries and became a symbol of authority, with many organizations and businesses using seals to this day.

In the context of an agreement, a seal is used to add an extra layer of formality to the process. The parties involved can choose to have a seal on the agreement to signify that the document is legally binding and enforceable. The presence of a seal can provide an extra level of certainty and confidence in the agreement`s validity.

Another important factor to consider is that using a seal can create a presumption of consideration. In many legal systems, the use of a seal implies that the parties have exchanged something of value. This means that if one of the parties later disputes the agreement`s validity, they will need to prove that there was no consideration given.

In conclusion, the use of a seal in an agreement is a formal and legal way to signify that a document is binding and enforceable. While it is not as widely used as it once was, the presence of a seal can provide an extra level of assurance for the parties involved. Furthermore, the use of a seal can create a presumption of consideration, which can be useful if there is ever a legal dispute over the agreement`s validity.