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.