What is contracts under seal?

Contracts under seal are formal agreements that are executed with a seal, signifying a higher level of authenticity and intent. Traditionally, the presence of a seal indicated that the parties intended to create a legal obligation, often eliminating the need for consideration, which is typically required in contract law. In many jurisdictions, contracts under seal have a longer statute of limitations for enforcement compared to standard contracts. While the use of seals has diminished in modern practice, the concept still holds legal significance in some contexts.