17. Dezember 2020
Stamp Paper For Non Disclosure Agreement
As a general rule, the parties may decide to obtain a notarized agreement. The function of a notary is that of a witness; certification means that the notary personally witnessed the signing of the contract by the parties. In the absence of a witness, a party could make up many excuses to argue that it is not bound by the terms of the contract. For example, he might argue that he never signed the contract, or that the signature is not his own, or that his signature is forged by someone else. While in India there is no legal obligation to use a notary for agreements, certification will be useful to prevent parties from refusing to execute (sign) the contract itself. The cost of certification varies from city to city. For example, a vacation and licensing contract with Rs. costs 10,000 to 15,000 Rs per month as rent about 200 Rs. in Calcutta.
Registration and certification are not legally necessary, but they are always advisable because it makes it easier for you to prove your case. Penalties for breach of contract are generally set out in the agreement itself and offences or offences are dealt with accordingly. If an agreement does not indicate the penalty, it is clearly stated that the person who was guilty of breaching or breaching the contract is being prosecuted for such a misappropriation. The jurisdiction clause determines the courts for which the city has jurisdiction over the confidentiality agreement in the event of a dispute between the parties. It is therefore very important to agree within the NDA and to clarify that the courts for which the city will be responsible for the litigation and the breach agreement. A confidentiality agreement can be registered in accordance with the 1908 Registration Act by contacting the office of the Deputy Chancellor of your district or city. The fees for the same detailed and detailed rules for registration vary from country to country. The recording proves the accuracy of the contents of a particular document. In the event of a breach of the terms of the agreement or a violation of the agreement, the NDA should expressly mention the remedies available to the injured party.
A start-up can be anything; it may be an idea, an economic model or a patentable invention, etc. A start-up cannot enclose these ideas, it must reveal them to the investor, who could show the promise to turn the idea into a success.