1. WHICH CONTRACTS
HAVE TO BE NOTARISED
AS PER LAW? WHAT IS
THE SIGNIFICANCE OF
NOTARY PUBLIC
VERIFICATION?
2. DOCUMENTS WHICH NEED TO
BE NOTARIZED
Not all contracts have to be notarized, unless
specifically required by the state law or the
municipal law.
The most common types of documents that
the law requires to be notarized to be legal
and valid are real estate deeds.
Other documents include adoption papers,
wills, trusts and medical release forms.
3. WHO IS A NOTARY PUBLIC?
A notary public is a person who is licensed by
a state government to acknowledge and
approve others’ signatures.
Notaries are certified and trained to review
identification papers and witness the signing of
a contract.
4. DOCUMENTS WHICH NEED NOT
BE NOTARIZED
There are a few types of documents which do
not necessarily need to be notarized, such as,
any private contract for sale of goods or
services, divorce papers (subject to
exceptions) and court papers like petitions and
motions.
The reason - the person signing the
form/document is the person who drafted it.
5. PURPOSE OF NOTARIZATION
The purpose is to ensure that the signature of
the person on the document is that of the
person whose signature it claims to be and
thus, avoid legal hassles that may arise if a
person denies to have signed that particular
contract.
6. ADVANTAGES
Verification of a document by a notary public is
an inexpensive way to ensure the authenticity
of the document.
Also, most state governments provide that
notaries be bonded by insurance companies.
7. ADVANTAGES (contd.)
The advantage is that if the notary makes any
mistake while verifying the documents such as
failure to witness the actual signing or failure in
identification, and that mistake causes one to
lose a contract lawsuit, then the insurance
company, who issued the bond for the notary,
will be responsible for the damages incurred
by the business.