Document background
The Irrevocable Deed is a crucial legal instrument in Swiss legal practice, commonly used when parties need to create permanently binding legal arrangements that cannot be unilaterally modified or revoked. This document type is particularly relevant in situations involving permanent transfer of property rights, establishment of irrevocable trusts, creation of lasting powers of attorney, or making binding declarations that are intended to be permanent. Under Swiss law, such deeds require formal notarization and must comply with specific cantonal and federal requirements. The document typically includes detailed identification of parties, precise description of the subject matter, explicit declaration of irrevocability, and various representations and warranties. It's essential for transactions where legal certainty and permanence are paramount, and its irrevocable nature makes it a powerful tool in various commercial and private legal arrangements.
