Mandatory requirement to be a commission broker
This query is : Open
A.N.Jaganathan
(Querist)
04 August 2016
My client wish to enter as a commission broker for sale of their product with a Private limited company. He wish to enter an agreement with that company. Is there any mandatory requirement to enter such agreement in the stamp paper or just in their company's letter head? and what are other mandatory requirements to enter as such sales agent?
Kaushik Joshi
(Expert)
04 August 2016
Dear Jagannathan,
It would be wise to advise your client to enter into a contract with the company. Any contract contains the parties, the objective, rates, conditions for breach of contract, etc.
This will be a valid contract as per contract act.
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