Other Important
Issues - Company Seals
Under UK Company Law there is now no requirement
for documents to be signed under seal. Any document formerly
requiring a seal can now be signed as a deed by
two officers of the company. A company may elect to use a seal
if it prefers.
However, there may be circumstances when
a seal can be required. If conducting business overseas or entering
into contracts with overseas customers, foreign lawyers or local
regulations may require that a company affixes an official seal
to legal documents, contracts or lease agreements.
Many companies still use a seal for
executing documents in the UK such as formal contracts and lease
agreements. Use of a seal helps to prevent any question of irregularity
in the execution of a document as there is usually only one
seal available to the signatories and its use is closely
controlled by the directors or the company secretary.
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