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A notarized agreement just verifies that the signers are who they claim to be. The notary is required to witness a signature and verify the identity of the individual. The value of the document is not relevant, whether it will hold up in court is not relevant, nothing else is important to the Notary, only that the people who sign are who they claim to be. * In the US notarized agreements are legally binding when they have been properly executed and have supporting evidence as to the intent and nature of the matter.

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Q: What are the laws on notarized agreements?
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