My father collected money (90,000) from one of my parents and this person took signs over tampon on ON DEMAND PAPER (at that time nothing was written on it). And my father paid interest of 3%/month. from the last 3 years due to a financial issue, he was unable to pay regular monthly interest (he was paying a portion). And recently, my relative took over my father`s signature on stamp paper and on request paer (which was completely empty). My father was not educated, so he didn`t see anything and signed blindly. Will we have a problem with that in the future? Like contract law in most countries, the Indian Contract Act of 1872 considers that all agreements that meet the essential requirements of free consent, legitimate consideration and lawful purpose are valid and applicable. It is important to note that even oral agreements, which constitute a wide range of contracts in India, are valid contracts under the law, provided they fulfill the essential elements of a contract. The Contracts Act does not make the stamp of agreements mandatory and does not consider that an unstamped agreement/contract is invalid and unenforceable. Agreements therefore do not require a mandatory stamp to be considered legal and valid.
Even if they are not stamped, they will still be enforceable to the parties who have signed the same thing. So I have to make this agreement on a stamp paper or can it be executed on a simple sheet with a turnover stamp of 1 rupee. I paid a certain amount to one of the immigration companies to find a job abroad, but it takes too long, and I just wanted to be on the safer side by entering into a written agreement. Then ask me to look at the same thing. A rental agreement is a legal document that defines the conditions for the rental of leased real estate and must be respected between the owner of the land and the tenant. Although the relationship between the homeowner and the tenant is cordial most of the time, it is good to have a written lease if the relationship becomes angry or tainted with complaints and misunderstandings. Well, even though he`s a good friend of mine, I want to be in a safe place. That is why I would like to conclude a mutual agreement with him, in which it is said: „I stand only as guarantor and all debts/loans taken care of are borne only by him and debited automatically from his savings account.
Dear Raja, your father made a mistake by signing on an empty stamp paper. It is amazing that, without calculating the interest rate, you have repaid the debt! Since you do not have proof, you propose to settle the matter amicably with the creditor (lender). I would like a credit of RS 4.00,000/- I am willing to pay a policy on the stamp paper of Rs 100/- which has the stamp right lender or boover in the agreement, we mention that, if he does not buy the property in the date of the agreement, „the money will not return and the agreement will be considered a termination“. Hello, it`s Shreekant. It`s a very good article. I have a doubt, so if you can help me, it will be great. I know someone from my cousin who would take a $100 and I`ll pay every month for 1 year 5000, and after 1 year, he`ll make 1 varnish.