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F E Smith
F E Smith, Advocate
Category: Law
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Experience:  I have been practising for 30 years.
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I have incorporated an LLP and written a licence agreement.

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I have incorporated an LLP and written a licence agreement. Does someone have to witness the signitures of the 2 partners?
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An agreement is perfectly legal it is simply signed. It does not have to have witnesses.For example, the contract agreement to purchase a house is not witnessed. The transfer deed needs to be witnessed because it is a deed and deeds must have 2 witnesses.If a deed is incorrectly witnessed it simply takes effect as an agreement and not a deed.The difference between an agreement plain agreement and an agreement as a deed is that the limitation period on an agreement is 6 years but 12 years for a deed. That is one of the reasons that mortgages are always done by deed. It is a provision of the Law of Property Act 1925 that transfers of property are done by deed.Although the kind of licence agreement you refer to would normally be done by a deed and witnessed, there is no legal reason why must be. The other reason for having a witness to a thing is so that neither of the parties can say that they did not sign.Can I clarify anything for you?Please do not forget to rate the service positive. It’s an important part of the process by which experts get credited.Best wishesFES
F E Smith, Advocate
Category: Law
Satisfied Customers: 10395
Experience: I have been practising for 30 years.
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