What is the term for a contract that is executed under seal?

A contract that is executed under seal is referred to as a formal contract. This type of contract is typically characterized by its written nature and the affixing of a seal, signifying that it has been executed in a manner that is more solemn than a regular agreement. The presence of a seal indicates that the parties intended to create a legally binding commitment, often regardless of the presence of consideration, which is a crucial element in the formation of many contracts.

In legal contexts, formal contracts tend to have specific requirements that must be met for them to be enforceable, including the necessity of being in writing and sometimes requiring witnesses or notarization. Understanding the characteristics of formal contracts is vital in the field of funeral service education, where legal agreements can play a significant role in service provisions and financial transactions.