Q: If I make a business deal with an organization or with any company, do I need to sign a bond paper regarding the deal? Is there any alternative method for making the deal official from both sides?
A: I am a contracts Professional and hope I can help. You have basically two options which are both official.
1. An agreement on Letter head of any of the parties involved can be made, after which it will be duly stamp and signed by both the parties.
2. Make the agreement on non judicial stamp paper. Then, it will be duly stamp and sign by both parties. And, then register the contract document. Example- Agreement for Sale/purchase of Flat
Differences between agreement and contract:
An agreement has no legal sanctity but a contract is an agreement which is enforced by law.
Choice is your: If you want to have the benefits of legal protection then go for point no.2 or else point no. 1 will be fine.
0 comments:
Post a Comment