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The requirements of valid deed parties include the Grand Tour as the seller conveying title to the buyer through a deed. The grantee, T, is the entity receiving title, with legal requirements such as capacity of the grantor, identification of the grantee, form of ownership, granting clause, consideration, legal description, signatures, and delivery and acceptance. The grantor must have legal capacity, be of sound mind, and meet age requirements. The grantee must be identified with sufficient information in the deed for certainty. If the grantor is declared legally incompetent, court approval is needed for title transfer.