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Smita_L01042008 (student)     31 January 2011

Execution agreement at singapore

Dear All,

 

Please guide the serviver provider is in India and the client is is US. how the agreement between the two will get executed.

 

What are the issues concerned with execution of agreement? like jurisdiction, applicable laws etc.

Regards to all



Learning

 2 Replies

V. VASUDEVAN (LEGAL COUNSEL)     01 February 2011

1. For execution, if both parties happen to be in either of the place, viz. in India or U.S. then the agreement can be simultaneously executed, at the place, mentioning the place. If it is in India, you may use the stamp paper of appropriate value OR get the document franked. If franking - get this done before execution by the parties.

2. If the agreement has to be signed by parties @ different places - firstly get the agreement executed on plain paper @ U.S., with two witnesses and once it is received in India, present the document before the stamp authorities, for franking with appropriate stamp value. After this franking is done, the service provider @ India can execute this. In such case, the execution dates would be different, but the date of coming into for of the agreement can be set out in the agreement.

3. As for the jurisdiction, the parties may chose the jurisdiction mutually agreed between the parties.

vasudevan

Smita_L01042008 (student)     02 February 2011

Thank you Mr. Vasudevan


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