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Specialty Contract

Specialty Contract Template for England and Wales

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Key Requirements PROMPT example:

Specialty Contract

"I need a Specialty Contract to grant development rights over a commercial property in Manchester to ABC Development Ltd, with the deed to take effect from 1 March 2025 and include specific covenants about construction timing and environmental standards."

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Document background
Specialty Contracts are formal legal instruments used in England and Wales for transactions requiring heightened legal certainty and formality. These contracts, executed as deeds, are particularly important for significant commercial arrangements, property transactions, and situations where the extended 12-year limitation period is advantageous. The document must comply with specific execution requirements under the Law of Property (Miscellaneous Provisions) Act 1989 and related legislation.
Suggested Sections

1. Parties: Full legal names and addresses of all parties to the deed

2. Background: Context and purpose of the deed

3. Definitions: Defined terms used throughout the deed

4. Operative Provisions: Main obligations and rights being created

5. Execution Block: Formal execution provisions including witness requirements

Optional Sections

1. Conditions Precedent: Used when deed effectiveness depends on certain conditions being met

2. Representations and Warranties: Include when parties need to rely on factual statements

3. Indemnities: Include when specific protection against losses is required

Suggested Schedules

1. Property Schedule: Details of any property involved in the deed

2. Rights Schedule: Detailed description of rights being granted

3. Form of Notice: Standard form notices required under the deed

4. Powers of Attorney: Where deed includes grant of authority to act for another

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Property (Miscellaneous Provisions) Act 1989: Key legislation for specialty contracts, particularly Section 1 which sets out requirements for contracts to be executed as deeds

Companies Act 2006: Sections 44-48 govern execution of documents by companies, while Section 50 establishes presumption of due execution

Law of Property Act 1925: Contains essential provisions regarding land transactions, property rights, and requirements for deeds and their execution

Deed Execution Requirements: Common law principles requiring signing, witnessing, delivery, and clear intention to be bound for valid deed execution

Limitation Act 1980: Establishes 12-year limitation period for specialty contracts, compared to 6 years for simple contracts

Electronic Communications Act 2000: Relevant legislation when considering electronic execution of documents

Consumer Rights Act 2015: Must be considered if one party to the specialty contract is a consumer

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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