Trade agreement
5 years ago
Hi , i am jay from rajasthan and i am starting a new trade firm. I supply agro products to my clients. Client is ready to pay 20% advance against LR copy and pdc cheque/blank cheque for remaining 80% and he is ready to do agreement with signature. For this above term. Is there any problem arise if i do business in this way? Because i am concerning my remaining payment to be secure
2nd- my another client is giving pdc check of total amount aginst LR copy while purchase order and when i will diliver goods they will take cheque bavk and will pay by RTGS , agreement will be done both us , is there any problem if i do business like this way?
Please let me know , by these two way my payment is secure from buyers?
Thank you
Deepak Yashwantrao Bade
Responded 5 years ago
In these days we cannot believe any body. Moreover the cheque validity period is reduced to 2 months.If they are not honest you have to lose 80 percent. Let it be raised to 50 percent. Both are legal but one cannot believe the recent trend of changing of financial schemes by the government.
Ambrose Leo
Responded 5 years ago