(e) Sections 96 and 125 of the PPSA do not apply to the security agreement established by these conditions. Supply contracts in India are governed by the Indian Contract Act of 1872, which included general principles of the treaty such as education, mutual understanding and the sale of goods, in 1930, which dealt with property ownership and guarantees. 2.3 Unless the Entity agrees otherwise, an order and the terms of each contract constitute the entire agreement between the Company and the Supplier, under which the supplier provides goods and/or services to the Company. No requirement specified by the Supplier in an offer, invoice or other document is binding on the company unless it has accepted it in writing. The supplier agrees to ensure that its employees, representatives and subcontractors are committed to the commitments contained in this clause. The order form refers to the company`s official printed order form with a buyer`s order number, which is the only form recognized by the company as the authority responsible for collecting goods or services on its account. The supplier cannot give up all or part of a contract or contract, sign a contract, or give up money owed to the supplier in connection with an order, unless it has been previously issued in writing. Guarantee and Liability (a) Subject to a condition, guarantee or right that are implied or imposed by the Competition and Consumer Act 2010 (Cth) (Cth) (Cth) (CCA) or any other law that cannot be excluded by law by convention, or explicit provisions under these conditions, the Seller gives no guarantee regarding the goods delivered and any other condition, guarantee and implied or imposed rights. If a condition, guarantee or right is implied or imposed by law and cannot be excluded, the seller limits liability for the violation of that implied or imposed condition, warranty or law to the broadest extent permitted by law. The delivery contract is legally binding if it is printed on a non-judicial stamp paper or an electronic stamp paper, signed and dated by both the supplier and the buyer. The value of the buffer paper depends on the state in which it is executed. Each state of India has provisions on the amount of stamp duty payable on these agreements. Information on stamp duty can be found on the government`s websites.
For example, the Karnataka State website provides stamp duty details on payment agreements, such as the Delhi site. Both parties can keep a signed copy of the delivery agreement.