Deed vs Agreement

1. there is no need for consideration for a Deed to be a binding contract.

2. Deeds have a number of execution requirements. The term "signed, sealed and delivered" is a requirement for a Deed. 

3. Limitation period for which a claim can be brought for breaching an obligation is different for Deed and Agreement. In Queensland, a claim for a breach of an Agreement must be commenced within six (6) years. However, with a Deed, the period is twelve (12) years.