A Deed of Gift is a legal document used to voluntarily transfer ownership of property or assets from one person to another without any payment or consideration. It is commonly utilized for gifting assets to family members, friends, or charities, ensuring a formal and legally binding transfer. The deed typically outlines the details of the gift, the parties involved, and any conditions attached to the transfer, providing clarity and legal certainty for all involved parties.
DEED of GIFT
THIS AGREEMENT is made on => [DATE]
BETWEEN:
[DONOR’S FULL NAME] of [DONOR’S ADDRESS], (hereinafter referred to as the “Donor”);
[RECIPIENT’S FULL NAME] of [RECIPIENT’S ADDRESS], (hereinafter referred to as the “Recipient”).
Background
WHEREAS the Donor desires to make a charitable donation of certain items and the Recipient is willing to accept such items, subject to the terms and conditions stated herein.
NOW, THEREFORE, the parties hereby agree as follows:
Donation
1- The Donor hereby donates to the Recipient, and the Recipient hereby accepts from the Donor, the items described as [DETAILED DESCRIPTION OF ITEMS] (hereinafter referred to as the “Donated Items”).
Delivery
2- The Donor shall deliver the Donated Items to the Recipient at [SPECIFIED ADDRESS], on or before [SPECIFIED DATE]. The Donor shall be responsible for all costs and expenses associated with the delivery of the Donated Items unless otherwise mutually agreed in writing.
No Compensation
3- The Recipient acknowledges that the Donated Items are received as a donation, and no payment or compensation shall be provided to the Donor for the Donated Items.
Use Of Donated Items
4- The Recipient agrees to use the Donated Items exclusively for [SPECIFIED PURPOSE, e.g., “educational purposes”, “community support”, etc.] and agrees not to sell, lease, or transfer the Donated Items without obtaining the Donor’s express written consent beforehand.
Governing Law
5- This Agreement shall be governed by and construed in accordance with the laws of [COUNTRY OF GOVERNING LAW]. Any disputes arising under or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of [CITY/COUNTRY].
Entire Agreement
6- This Agreement constitutes the entire agreement between the parties and supersedes and extinguishes all previous agreements, promises, assurances, warranties, representations, and understandings between them, whether written or oral, relating to its subject matter.
IN WITNESS WHEREOF, the Parties hereto have executed this Deed of Gift as of the date first above written.
Signed by the Donor:
Signature: __________________________
Full Name: [DONOR’S FULL NAME]
Address: [DONOR’S ADDRESS]
Date: [DATE]
Signed by the Recipient:
Signature: __________________________
Full Name: [RECIPIENT’S FULL NAME]
Address: [RECIPIENT’S ADDRESS]
Date: [DATE]
