Distribution agreement entered between supplier& distributor
Prashant
(Querist) 10 November 2018
This query is : Resolved
Dear Sir,
Kindly let me know the legal requirement of Distribution Agreement entered in Karnataka between Supplier and Distributor to make it legally valid.
If the Agreement is done on Letter Head of the Company, is it necessary to frank stamp duty on it? If yes, what amount?
Is it necessary to register this agreement? If yes, with whom?
Regards,
Prashant
Isaac Gabriel
(Expert) 10 November 2018
Agreement need not be registered. If at all you want to register, requisite fees could be paid and registered at Registration Department.
P. Venu
(Expert) 11 November 2018
The general principle that a mere agreement need not be registered, but there may be some stamp duty involved. Please verify the local Stamp Act,
Dr J C Vashista
(Expert) 11 November 2018
Commercial query, consult and engage a local lawyer for professional opinion, advise and proceeding.
krishna mohan
(Expert) 13 November 2018
You can consult a local lawyer specialized on contract matters for right guidance. Normally companies appointing dealers will have their own formats and procedures on which you will have little say.
Kumar Doab
(Expert) 13 November 2018
You can benefit from the advices posted in threads initiated by you on same query in Forum/Experts section.
Your own LOCAL counsel can advise you further on finer points after examining all relevant details.
Hemant Agarwal
(Expert) 15 November 2018
1. Since the dealing involves Money /Property, a proper Agreement (which is a legally enforceable document) (NOT on Letter Head) must be duly Registered with the local area Registrar of Sub-Assurances, wherein the stamp duty for such basis agreement would be around 1000/-
2. IF there is no agreement, THEN at times of dispute, the Courts would not adjudicate on any issues, for both the parties.
Keep Smiling .... Hemant Agarwal
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