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Saksham

Legal Advisor! • 9m

After my yesterday's post on Agreements and Contract, people asked me if I am doing an agreement where money is not involved and the transaction is in kind, is it valid? The answer is no. In India, only the agreement which has a monetary value attached as a consideration is valid. There's no barter system allowed. Additionally, a napkin agreement where two parties agreed to something and signed on a napkin is not a admissible contract. A valid contract must be on a non-judicial stamp paper.

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