If I will make agreement with my agent on 10 or 50 Rs. bondpaper, the agreement will valid for any case.
2007-02-15 21:26:55 · 3 answers · asked by Anonymous in Business & Finance ➔ Small Business
What is the agreement for? The figure 10 and 50 you mention relate to the stamp duty and is one of the conditions for making a valid contract! For any agreement to be legaly valid it must satisfy the following conditions:
1. Contractual capacity of both the parties
2. Consideration of the contrct
3. Free consent for the contract (That is absence of coertion etc)
4. The purpose should be legaly enforceable
5. Stamp duty wherever required, and in the scale prescribed.
Your question is incomplete on ther points, without which answer is not possible
2007-02-19 00:59:19 · answer #1 · answered by concerned citizen 2 · 0⤊ 0⤋
Its depends upon the reason..!
2007-02-16 05:29:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
ask the lawyer
2007-02-16 05:32:06 · answer #3 · answered by bmb 1 · 0⤊ 0⤋