Amendment in the agreement

Rama mohan Acharya (Querist) 26 November 2010 This query is : Resolved
An agreement was executed between 2 parties for certain services. The agreement has a provision that the said agreemenr can be ammended by mutual consent.The Querry is what will be the format of the amendmet agreement. Will it be like the original agreement or simply both the party can sign on a piece of paper? Whether the ammendment is to be documented on a stamp papaer as the original is on 100/- stamp paper( Not notarised). Kindly advise.

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A V Vishal (Expert) 26 November 2010
A supplementary agreement must be executed on a NJ stamp paper stating details of the original agreement in the recitals and the purpose of amending the original agreement. This is advisable in order to counter any disputes in the future.