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Legal Definitions by Ford Banks Irwin Solicitors - The Property Lawyers in Manchester

Please note: Not to be used or relied upon without legal advice. These notes are for illustrative purposes ONLY

Debenture

Security document issue by a Company acknowledging a debt. It can be secured or unsecured against the assets of the Company.



Deed

A Legal document signed as a Deed in the presence of an unrelated witness.  If the Solicitor is acting for the Company it must be executed as a Deed by the Company Secretary and Director or two Directors. One of the Uses: In every Conveyancing transaction the Solicitors for the Buyer prepares a Transfer Deed and sends it to the Seller's Solicitors for approval. 

Deed of Covenant

Deeds prepared by Solicitors dealing with various Covenants. The Solicitors can add clauses regarding the payment of money or performance of something else such as maintaining a boundary. 

cf. Restrictive Covenants used by Solicitors to prevent the Land being used for certain trades or business etc. 

cf. Deed of gift . . . used by Solicitors to confirm a transaction where no consideration is being provided.


Deed Poll

Prepared by Solicitors for clients who want to change name.

Design Right 

In Copyright Law . . . used by Solicitors to protect the look of an item. See also Patent Law

Disbursement

Money collected by the Solicitors to pay someone else. For example Stamp duty in the Conveyancing transaction is collected by the Buyer's Solicitors as well as the Land Registry fees.  Both are good examples of disbursements incurred by Solicitors. 

Discharge

Solicitors obtain discharge documents whenever they require confirmation of completion of an act. For example Solicitors for the Seller in a Conveyancing transaction obtain confirmation that the Mortgage has been discharged from the sale proceeds and supply the Buyer's Solicitors with a form DS1 or EN1 as evidence.  

District Judge

County Court Judge or Magistrates Court Judge. Solicitors & Lawyers can be elevated to the position of District Judge or Deputy District Judge by the Lord Chancellor.