Does A Service Agreement Need To Be Registered

Does A Service Agreement Need To Be Registered

As lawyers, we are often asked whether agreements that are not made on stamp paper are invalid and unenforceable. The answer is a simple “NO.” Agreements can be made either on a stamp paper or in a non-buffer document. While agreement has been reached on a document without stamps, certain legal aspects must be respected. This article establishes the validity of unstamped agreements and delves into the legal and technical consequences of unmarked agreements. The Indian Registration Act provides for the registration of documents and thus records the contents of the document. Registration is necessary to preserve evidence and titles. There are certain agreements mentioned in Section 17 of the Indian Registration Act, which must be forcibly registered and therefore cannot be made without stamp paper. Some of them are 7.1 definition. “confidential information,” any non-public business information, know-how and trade secrets, including information relating to our product plans, beta versions, terms of this agreement and any other information that any reasonable person should consider confidential, directly or indirectly, by one party or its associated entities, directly or indirectly, by the other party or its related companies, in writing, or by examination of material objects. , and whether this information is disclosed before or after the validity date indicated on the purchase order.

Confidential information includes this agreement and its terms. “confidential information” excludes information that is made public and made public prior to disclosure by the public party, without the receiving party being active or inactive; (b) is already in the possession of the receiving party at the time of disclosure by the disclosure party, as can be seen from the records and statements of the party receiving it; (c) is obtained by the receiving party by a third party without breach of the confidentiality obligations of the third party; or (d) developed independently of the receiving party, without using or referring to the confidential information provided by the revealing party, as shown by the documents and other knowing evidence held by the receiving party.7.2 Respect for confidentiality. The party receiving confidential information undertakes to take appropriate measures that are essentially consistent with the steps it takes to protect its own proprietary information, but no less than due diligence to prevent the unauthorized reproduction or disclosure of confidential information to third parties without the prior written consent of the revealing party. The receiving party may disclose the confidential information provided by the disclosure party to staff members or representatives of the receiving party who reasonably need access to this information to fulfill the obligations of the receiving party under this agreement and who will process this confidential information under the terms of that agreement. To the extent that these approved third parties are bound by confidentiality obligations and are not used less restrictively than the terms of this Agreement, you may disclose our confidential information to an approved third party only to the extent necessary to allow that eligible third party to access and use the service under this Agreement. In addition, we can communicate this agreement to investors and sources of financing, real and potential, as well as to their representatives, in any case, who agree to keep them confidential.

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