Noor Ahmed 04 August 2022

Legal agreement for credit sales trade

Dear Sir, kindly suggest that if I am undergoing a trade deal with a buyer who buye from me a goods for credit sales for 1week of time period to repayment promise in such cases Which sales agreement i have to bind with to protect my credit amount, agreement is should be printed on E-stamp if yes then how much bond! And what should be approved format. Please suggest thank you

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Quick Summary

This discussion addresses the need for a legal agreement when conducting credit sales with a repayment promise within a short timeframe, such as one week. It highlights the importance of having terms and conditions clearly documented in writing, preferably executed and registered. The advice suggests that a formal agreement acts as a bond between parties and can streamline business processes.

2 Replies

Dr J C Vashista (Advocate) 04 August 2022

It would be better to reduce the terms and conditions of agreement in writing, properly executed and registered.

sonam ranjan 18 August 2022

An agreement is a bond between two parties. An agreement is ideal to market the re-building of business forms occurring at many companies, which incorporates a set of advancements, procedures, and business systems that guide the moment exchange of knowledge, save time, enhance customer response, and improve administration quality by reducing desk time.

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