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Precautions to be taken before starting your business
30-Jun-2023 (In Startup Law)
Dear Sir/ Mam, I am going to start a business of kitchen appliances. I will be wholesaler. There is an AGREEMENT BETWEEN Me and the Kitchen appliance company . The company has PRINTED the Agreement on a sheet of PLAIN PAPER. The agent of the company has given this agreement to me. The COMPANY HAS NOT CONTACTED ME THROUGH MAIL /PHONE ETC. ONLY I AND AGENT IS IN TALK for my dealership. Query- Whether I can sign and give the AGREEMENT TO HIM OR I SHOULD ASK THAT AGREEMENT SHOULD BE MADE ON STAMP PAPER ?? Pls clarify this. 2) Pls also tell the amount of stamp paper & who should bear its cost ?? 3) Also, tell that what will be demerits if PLAIN PAPER AGREEMENT IS made ?? Thanks sir..
Dear Sir, The agent in this case, if acting on behalf of the Company, would have been authorized by the Company to work on behalf of Company, by means of a letter, i.e. Authority letter. If the aagent is not able to produce the same, you should refrain from signing the aggreement. Furhter, an agreement has to be made on a stamp paper of Rs 50 or more.
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11+
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Adv. Sonam Priya
Delhi | 25+ Answers
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Dear concern,
Please take note -
All commercial agreement which are signed in between the parties are signed on the letterhead of the company which is the first party for the contract and you do not need to get that agreement signed on the stamp paper.
Only such contract gets signed on stamp paper in which government is the party or that pertains to sale/purchase/mortgage/lease/will etc which is required to be informed to the government.
Your agreement will be signed on the letterhead of the company whose dealership you are taking and both the party will put its stamp and seal over the same. Two witness will verify that agreement and that will be all.
Please take note -
All commercial agreement which are signed in between the parties are signed on the letterhead of the company which is the first party for the contract and you do not need to get that agreement signed on the stamp paper.
Only such contract gets signed on stamp paper in which government is the party or that pertains to sale/purchase/mortgage/lease/will etc which is required to be informed to the government.
Your agreement will be signed on the letterhead of the company whose dealership you are taking and both the party will put its stamp and seal over the same. Two witness will verify that agreement and that will be all.
Helpful?
17+
17+
Adv. Pulkit Prakash
Delhi | 400+ Answers
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