CONTRACT LAW - Contract Under Seal (CUS)

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What is a Contract Under Seal (CUS)? How is a Contract Under Seal different from a simple contract? The seal in the Contract Under Seal is an official mark of the signatory. Do individuals and companies have official marks?  What kind of agreements must be in the form of a Contract Under Seal?  Contract Under Seal has a longer statute-bar limitation period.  Is that correct?