Not necessarily — in some circumstances, the law might not recognize a present-day grant of an interest that doesn't exist now but might come into being in the future. (Cf. the Rule Against Perpetuities. [1])
The "hereby grants and agrees to grant" language is a fallback requirement — belt and suspenders, if you will.
Not necessarily — in some circumstances, the law might not recognize a present-day grant of an interest that doesn't exist now but might come into being in the future. (Cf. the Rule Against Perpetuities. [1])
The "hereby grants and agrees to grant" language is a fallback requirement — belt and suspenders, if you will.
[1] https://en.wikipedia.org/wiki/Rule_against_perpetuities