What are legally binding documents and are notarized documents considered to be legally binding?

In your personal, legal or business endeavours, you might come across a wide array of document types with each one holding its specific requisites and legal weight. A document wherein the parties between whom the agreement takes place are prohibited from undertaking certain actions and are directed to act in a specific way are known as legally binding documents.         

What is a legally binding document?

A legally binding document is one which necessarily requires signatures of both the parties who are stated in the agreement or the paperwork content witnessed by a Mobile Notary Nevada. A legally binding document is a paperwork which establishes, enforces and maintains a binding contract or agreement which is legally enforceable. Thus, if you sign a legally binding document or a contract in presence of a Traveling Notary Las Vegas City NV, you are liable to fulfil and act up the terms as stated within the same. Failure to abide by the legally binding contract means that the other party can demand your presence in a court.            

As defined by the expert Mobile Notary Nevada, a legally binding document is usually characterised by the following specific features and statements -        

§  The offer and acceptances statement 

This signifies that one party is required to offer or lend something and there should be an acceptance of the same by the other party.     

§  The consideration       

A legally binding documents must state the benefit/s that both parties will gain. The benefit/s can be items, money, service/s or a commodity of value.      

§  The mutuality or intention statement       

The document needs to evaluate the party’s understanding of the contract in order to fulfil their end of the agreement terms.            

§  Legal compliance 

A legally binding document must conform to all the federal, state as well as local laws and the terms of agreement or the contract must signify something legal and valid.        

§  Legal capacity 

A legally binding document must ensure that the signing parties undertaking their role in the contract must be legally capable of doing the same. They should fulfil the age, mental health and other criteria as required by law.              

Notarized documents as legally binding documents 

It is an undeniable fact that all notarized documents hold an added weight and significance when it comes to their legal validity. A notarized document validated by a Traveling Notary Las Vegas City NV when compared to a non-notarized document is vetted for the authenticity of the content as well as the validity of the signatures present on the same. Thus, it is easily accepted in a court of law or any other government or administrative office.       

However, not all notarized documents are legally binding. As a legally binding document is required to be an agreement of terms signifying a contract which involves offer and acceptance of any commodity, service or money, not all notarized documents can be considered to be legally binding. As affidavits or letters notarized by a Mobile Notary Nevada despite being notarized documents do not typically involve any contract or transfer of commodity or service, they are not legally binding documents.            

Common notarized documents types which are considered to be legally binding are state as follows -        

§  Deeds 

§  Contracts   

§  Power of attorneys 

§  Real estate sale-purchase papers 

§  Business contacts   

§  Privacy policies   

§  Terms and conditions statement’s   

§  Intellectual proper deal papers    

§  Transfer of shares papers    

How can a Mobile Notary Nevada help?         

A Mobile Notary Nevada offers doorstep document notarization and acts as an impartial witness to the signing process thus validating the identity of the signing parties, making sure that the signees understand the legally binding contract terms of agreement and that they are signing the paperwork at their own free will.     

You can hire a Traveling Notary Las Vegas City NV from Orange Peel Mobile Notary to expedite the notarization process and cherish 100% convenience in the same with the services being delivered to you at the desired time and location all across the United States.