Who should keep original copy of franchisse agreement

ambuj (Querist) 03 January 2014 This query is : Resolved
Hi

Kindly who should keep original stamped copy of Franchisee agreements and other agreements in general.

Is an photocopy of an agreement as good as original copy of the agreement?

Thanks
Ambuj Goyal

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Devajyoti Barman (Expert) 03 January 2014
Any of the two. However to avoid an dispute you better execute two agreements and keep one copy each with you both.

ambuj (Querist) 03 January 2014
Thanks Mr. Barman

Rajendra K Goyal (Expert) 03 January 2014
Academic query, state facts.

Kumar Doab (Expert) 03 January 2014

Mr. Barman is right.

Any one who has to sign on an agreement must obtain original copy to suit his interest.

Therefore there is nothing wrong in generating two original printouts and keeping original with all parties.

ambuj (Querist) 03 January 2014
But does that mean that we have to pay stamp duty on both the copies of agreements?

Kumar Doab (Expert) 03 January 2014
Would the certified copy with seal and signature of the authority obtained after paying requisite fee or obtained thru RTI serve your purpose............

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