LEGAL STANDING ON CONTRACTUAL AGREEMENT IN SERVICE INDUSTRY

3 years ago

Hi,
I run a small private limited company in Mumbai, which is into logistics (service) industry, and planning to hire someone who is well experienced (he has his own logistics firm too) & handover the branch for him to run, while I will be positioned in a difference city/state, monitoring daily activities online.
I plan to hire on a contactual basis, with all terms & rights clearly specified & mutually agreed, to avoid any conflict later, since we are into same biz field.
My questions is, if such a contract is prepared on a company letter head, does hold legal standing, in case if anything goes wrong tomorrow.
Whether such contract requires to be vetted by any legal firm or contract to be prepared on stamp paper to make it more secure?
Please advise.

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DIYAVARHUSSAIN SHAIK

Responded 3 years ago

A.Dear Client
You can appoint the person as your employee to look after all the business on your behalf further enter in to MOU stating all the needful conditions you need to enter

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Ayantika Mondal @ Prime Legal

Responded 3 years ago

A.Hi,
Agreements are not printed on company Letter Heads but on demi papers/stamp papers.

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Anik

Responded 3 years ago

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A.Hi,
For a safer side, it is always advisable that agreements needed to printed upon the stamp papers and not the company's letter head.

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