DEED OF REVOCATION: THE LEGAL POWER TO CANCEL A DEED
Not every Deed (legal document that transfers or confirms property or business rights) is cast in stone.
While a Deed is one of the strongest legal documents, the law allows that certain Deeds can actually be revoked, but only if the original Deed itself contains a clause permitting revocation.
A Deed of Revocation is a legal document used to legally revoked cancel or withdraw an earlier Deed, such as a Deed of Gift, Deed of Transfer or a Power of Attorney.
Its effect is powerful. Once executed, it wipes out the legal force of the earlier Deed deed, restoring the parties to their former positions as though the revoked Deed never existed.
For example, if you had transferred rights in land through a Deed that contained a revocation clause, a Deed of Revocation lawfully reclaims that interest back to you.
A Deed of Revocation must identify the Deed being revoked, clearly state the intention to revoke, and comply with all legal formalities such as signing and attestation. A mistake can render the revocation invalid, leaving the old Deed enforceable and exposing you to needless risks.
At Apex Chambers, we always emphasize that only an experienced Property Lawyer should draft and prepare a Deed of Revocation.
With his expert drafting, you are assured that the revocation is not only valid but also solid against future disputes or legal challenges.
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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria