Time period in agreement

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2014 Company "ABC Pvt Ltd" has hired a legal firm and entered into an agreement paying Rs. 175000/- p.m.

Question:
A) Is it compulsory to mention time period in agreement? or it can be mentioned that agreement is valid till mutually agreed?

B) Is it compulsory to enter agreement on stamp paper?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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27 June 2014 1. it is ad discretion of the parties to the agreement. it will be valid even if you say it is valid till mutually agreed

2. it is always beneficial to notarize the agreement...