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Whether handwritten agreement on stamp paper valid or not?


10-Feb-2023 (In Documentation Law)

Is it acceptable, if a handwritten agreement on Rs 500 stamp paper for taking a loan of Rs 30000 from a Govt Office ? My concern is that is it mendatory to type the words of agreement on stamp paper or simply handwritten will serve the purpose. I have handwritten the agreement on stamp paper.

Answers (2)

Answer #1
674 votes
The terms should be in writing. Whether the same is written in hand or typed does not matter. As long as the terms are clear, and understandable it should not be a problem. Please ensure in case there are any changes or alterations then the same are counter signed by both the parties.
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Advocate Sakshi Chopra

Adv. Sakshi Chopra

LawRato Delhi | 25+ Answers
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Answer #2
829 votes
Hi The institution from which loan is sought by you may have certain guidelines in this respect.so it would be advisable to seek their advice as once you write in hand and they do not accept you will have the fear of wasting the stamp paper though their is no law which governs the field that it hasto be typed only and cannot be in hand
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Advocate Pravin Sharma

Adv. Pravin Sharma

LawRatoDelhi | 5+ Answers
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