Common law, to be valid and enforceable, a deed must fulfill several requirements: It must state on its face that it is a deed, using wording like. Ether you need more information on title insurance, closing and escrow, 1031 property exchanges, or to access! Our reference library covers real estate from A to Z. A party (''assignor'') is overwhelmed with work, and can not. Requirements. Nomination and assignment are the two such terms which a policyholder must be aware of to effectively manage the benefits accruing under a life insurance policy An assignment agreement is a document used to assign rights and responsibilities to a party.