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Q: Under Maryland Commercial Law what type of contract must be in writing to be valid?
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What is the meaning of specialty?

Particularity., A particular or peculiar case., A contract or obligation under seal; a contract by deed; a writing, under seal, given as security for a debt particularly specified., That for which a person is distinguished, in which he is specially versed, or which he makes an object of special attention; a speciality.


Is a contract under seal a formal contract?

Contracts under seal are a type of formal contract that involves a formalized writing with a special seal attached IN the past the seals were often made of wax and impressed on the paper document. Today, the significance of the seal in contract law has lessened, though standard-form contracts still sometimes include a place for a seal next to the signature lines.


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