Required by banks, insurance companies and other institutions
An “Acte Authentique” is a document drafted by a Notaire, signed by him, with his seal embossed on the document (the seal is granted by the State).
The highest degree of authentication – A notarial act in France is the highest level of authentication or verification; verification by a Notaire is recognised as being true.
Furthermore, the dispositions within a document can be enforced if one of the signatories refuses to respect his commitments not only in France but also within the European Union. It therefore has the same enforcement as a judgement.
The recourse to a notarial act allows the avoidance of ulterior litigation; it saves time, insures efficiency and therefore limits all costs.
It is compulsory for certain acts/deeds to be drafted in the “Forme Authentique” (authentic form), such as marriage contracts or donations and property sales; however this format can be given by the Notaire to any document where person/s and/or companies need, for example, a lease, a loan, commercial transactions and Memorandum of Associations.
The Notarial act can today be established and signed electronically and still maintain all its traditional qualities. The Notaires were the first, in France, to use an electronic signature with the highest levels of security.
The Notarial act is drafted as a single original document, known as “la minute”; this document is held by the Notaire. From this “minute”, the Notaire can issue authenticated copies to the parties.