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IT comapny Service Lvel Agreements

(Querist) 14 September 2010 This query is : Resolved 
Is it compulsory to register agreements which are entered between two companies for example agreement between Company'A' a IT company which provides software services/solutions to banks with Company 'B' a banking company to acquire services from Company 'A'.

Daksh (Expert) 14 September 2010
Dear Sneha,
The answer is a definative no but the only safeguard is that it should be in the shape of Memorandum of Understanding.

best regards

Daksh
s.subramanian (Expert) 14 September 2010
No. it is neither mandatory nor necessary since the subject matter of the agreements is movable property.
Parthasarathi Loganathan (Expert) 16 September 2010
No SLA requires registration but it must be adequately stamped as per guidelines in force.
Sri Vijayan.A (Expert) 19 September 2010
Yes, I agree with Mr.Partha sarathi Loganathan


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