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• CONVEYANCE​

  • Is  the  transfer  and  assignment  of  any  property  right  or interest from one individual or entity (the conveyor) to another (the conveyee)​
• CONVEYANCE​

  • This is usually accomplished through a written instrument – most often a deed- that transfers title to, or creates a lien on property.​
• CONVEYANCE

  • refers to a contract, meaning that the buyer, as well as the seller is legally bound to fulfill their obligations. Supposing either party doesn’t do so, the other party is capable of suing the defaulting party in court to either claim damages or enforce the contract.​
• DEED

  • Is a written instrument under seal containing a contract or agreement which has been delivered by the parties to be bound and accepted by the oblige or covenantee.​
• DEED

  • It is a legal document that grants its holder ownership of a piece of real estate or other assets, such as an automobile
• CARDINAL RULES IN DRAFTING CONTRACTS/DEED AS LEGAL DOCUMENTS​

  RULE 1 - The usual commencement of a contract should be:​

  • “This  Agreement”  or  “An  Agreement”  or  “Articles  of Agreement”​
• RULE 2 - The FULLNAMES of the parties, their capacity, civil status, and their residences, should come next. The logical order in which the parties are to be named in the document must be observed.​
• RULE 3 - The principal or operational clauses of the document should be stated in separate, numbered paragraphs​
• RULE 4 - Verbosity (wordiness) should be avoided​
• RULE 5 - Specific or technical terms, which have special meanings in the document, should be especially defineD
• RULE 6 - Names of parties should be repeated. The use of PRONOUNS would give rise to AMBIGUITY​
• RULE  7 -  The  document  must  be  NEAT,  FREE  FROM ERASURES,  INTERLINEATIONS,  OR  SUSPICIOUNS  OF ALTERATIONS​
• RULE 8 - A clause may be inserted at the end of an agreement that”​
• RULE 9 - The place and date of execution of the document usually come LAST, and may be stated thus:​

  • “Signed in the City of Manila, Philippines, this day of , 20 .”​
• WHAT IS A WILL

  • is a legal document which is prepared with certain formalities,  and  under  which  a  person  directs  what  will happen to his/her property after his/her death.​
• WHAT IS A WILL

  • This will is effective only upon the person’s death and it can be modified or revoked by the person at any time during his/her life.​
• DISTINCTION BETWEEN A DEED AND A WILL​

  • While  wills  and  deeds  are  completely  different documents,  both  of  them  have  the  effect  of  transferring ownership of property, and both can be used in disposing of such  property  in  the  context  of  estate  planning.  A  will disposes of one’s estate upon death and a deed passes an interest in land or other real property.​