Written Agreement for 45 days payment to MSME

Do we need to do agreement on Stamp Paper with MSME for payment within 45 days

or can we do the same through signing Purchase Order Only by mentioning the same in terms in PO


kindly guide


Regards
Vipul
Replies (3)
Quick Summary
This discussion explores the requirement for a written agreement on stamp paper when offering MSMEs a 45-day payment term. It clarifies whether including the 45-day payment clause within a signed Purchase Order (PO) is sufficient. The consensus suggests that a formal stamp paper agreement isn't always necessary; simple written terms on plain paper or directly on the invoice can also suffice.

Written agreement 45 days to msme .
That means if we mention 45 days terms in PO that will be enough, no agreement on Stamp paper required
You can prepare agreement on simple paper or by writing the terms in invoice only.

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