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C. A. N. B (CA)     17 April 2012

Agreements

What is the difference between Agreement and Contract?

Should the agreements must be on stamp paper?

 

Is it possible to have an agreement or contract back-dated from the date of stamp paper?

Is there any complusion that stamp paper must be in the name of first party?

What is the law regarding the validity of Stamp duty in delhi for an agreement.?

 

Thankign You



Learning

 2 Replies

Adv.R.P.Chugh (Advocate/Legal Consultant (rpchughadvocatesupremecourt@hotmail.com))     17 April 2012

Agreement is when two persons consent on the same thing in the same sense. It is composed of an offer from one side and acceptance from another - accompanied with some consideration. Contract on the other hand is an agreement enforceable by law. 

It is normally said that parties make an agreement - but law makes the contract. An agreement may be enforceable or unenforceable - the former is called contract. All agreements made by 

i) Competent Parties;

ii) Sound Mind Major;

iii) for valid Consideration; 

iv) Not expressly declared to be void. 

ARE ENFORCEABLE.

 

Agreements can be oral as well as documented - Agreements are usually made on 100 Rs. Stamp paper

C. A. N. B (CA)     18 April 2012

Dear Mr. Bhagat

 

Thank you for your valuable advice..

Please answer..Is it possible to have an agreement or contract back-dated from the date of stamp paper?


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