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What is a deed poll in energy projects?

A deed poll in the context of commercial projects is typically used to unilaterally declare an intention, obligation, or a condition. Unlike a standard contract, a deed poll is only executed by one party, not two or more. It's legally binding on the party who executes it, because it's executed in the presence of a witness.

In commercial projects, a deed poll could be used in various circumstances. For instance, it can be used to formalize a change of company name, to issue a guarantee or warranty, or to make an individual commitment within the context of a larger project. The main point is that it binds the party that executes it to the conditions stated within the document, even though other parties are not required to agree or sign.


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