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In modern law that phrase has no legal effect. It is often used as the opening clause in a deed but there would be no consequence if it was omitted.

"Know all men by these presents" is ancient common law language that was used to announce the information presented on a legal document. It was the means of announcing the transaction to the public so that it would be effective against any challenger. Of course, it comes from a time when only men were recognized in any legal affairs and women had no part nor place in the legal dealings of the men in their lives.

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Q: What is the legal effect of Know all men by these presents?
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