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specialty
['spεʃlti]
n
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gen.
Under English law, a specialty is a common law category of formal contract valid without consideration. Historically under English law, the usual form of specialty was an instrument under seal. A sealed instrument is one that is signed and has the seal of the signer attached. To render a contract a sealed instrument, it must be so recited in the body of the instrument and a seal must be placed after the signature. Following the enactment of the Law of Property
Miscellaneous Provisions
Act 1989
an Act of Parliament
, it is no longer necessary under English law for a deed to be under seal. Consequently, it is considered that deeds to which the Act applies are specialties even if they are not under seal.
(
simcocks.com
LadaP
)
abbr.
spec
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