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What happens if a contract isn’t stamped in India?” π€⚖️ #UnstampedContracts #ContractLawIndia #StampDuty #LegalDocuments #BusinessAgreements #LegalContracts #LexisAndCompany Many people assume a contract is valid as long as both parties sign it. But wait! What if it isn’t stamped? π¨ π€·♂️ "Does that mean my agreement is worthless?" π° "Can I still enforce it in court?" π "Do I need to rush to a lawyer now?" Let’s clear up this legal mystery! π ✅ What is Stamp Duty & Why Does it Matter? π️ Stamp duty is a tax paid to the government when executing certain legal documents like: ✔️ Business contracts π ✔️ Property agreements π‘ ✔️ Loan & debt agreements π³ ✔️ Partnership deeds π€ π‘ The Indian Stamp Act, 1899 , makes it mandatory to pay stamp duty on specified agreements to make them legally enforceable. #StampDutyIndia #ContractExecution #LegalCompliance #BusinessContracts #IndianStampAct ⚠️ What Happens If a Contra...
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