Agency agreement

P.C. Joshi (Querist) 29 January 2010 This query is : Resolved
Dear Sirs,

A company has to enter into an agency cum retianership agreement with an individual.Pls tell me whethr the said agreement can be drawn on company's letter head or it has to be on a stamp paper, if on stamp paper on what value of stamp paper.

Regards,

P.C. Joshi
Delhi

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R.R. KRISHNAA (Expert) 29 January 2010
It is better that it shall be on a stamp paper of Rs.100/-.

B K Raghavendra Rao (Expert) 29 January 2010
As the company is engaging the services of an agency may be or may not be on retainership basis, it need not be on a stamp paper. Company's Letter head is sufficient. An acknowledgement has to be obtained from the so appointed agency on the second copy of the agreement expressing his consent for the terms.

However, there is no harm in entering into agreement on a stamp paper of value Rs. 1oo. Both could be produced in a court of law as evidence in case of a dispute.

Sachin Bhatia (Expert) 29 January 2010
It is better if agreement shall be made on a Rs.100 stamp paper.

Bhumik Dave (Expert) 30 January 2010
4 safe guard it should be only on 100 stamp paper and notrized.

Guest (Expert) 30 January 2010
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