Importance in drafting an agreement or a deed and the purpose

There is quite a difference between “agreement” and “deed. When there is a mutual discussion between parties and they formally want such discussion to made in writing to pursue it further for an action; of what actually discussed, then such formal arrangement is called “agreement”.

On the other hand, Deeds mostly an exchange of commercial value or consideration and it involves an asset or a property, including intangible assets like Trademark, Patent, and such requires a statutory registration or transfer temporary or permanent is termed as a Deed.

In …