When it comes to legal documents, ensuring that they are stamped is just as important as ensuring that they are signed. A document that is signed but not stamped is considered an “agreement not duly stamped,” and it can cause legal complications. In this article, we will take a closer look at what an agreement not duly stamped is, why it is crucial to stamp legal documents, and what to do if you find yourself in a situation where a document is not duly stamped.
What is an agreement not duly stamped?
An agreement not duly stamped is simply a legal document that is signed but not stamped. The stamp, also known as a “franking stamp,” proves that the document has been registered and that the required fees have been paid to the government. The stamp is usually affixed to the document after it has been signed, dated, and executed.
Why is stamping legal documents important?
Stamping legal documents is crucial because it ensures that they are legally valid and enforceable. The stamp indicates that the terms of the agreement have been established and that the parties involved have agreed to abide by them. It also provides proof that the document has been registered with the government and that the appropriate fees have been paid. Without the stamp, the legal document is incomplete and may not hold up in court.
What should you do if you have an agreement not duly stamped?
If you have a legal document that is not duly stamped, it is important to rectify the situation as soon as possible. You can do this by getting the document stamped at the appropriate government office. Depending on the type of document and the length of time since it was executed, you may be required to pay additional fees or penalties.
It is important to note that if an agreement is not duly stamped, it may not be admissible in court as evidence. This means that you will not be able to enforce the terms of the agreement, and you may face legal repercussions if you do not rectify the situation.
In conclusion, ensuring that legal documents are duly stamped is critical to their validity and enforceability. It is important to take the necessary steps to get the document stamped if it has not been done already. By doing so, you can avoid legal complications and ensure that your agreement is legally binding.