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1685787403097 - kjnkdnnWOL
Course: Corporate Law (BLAW 2001)
727 Documents
Students shared 727 documents in this course
University: Savitribai Phule Pune University
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The following ten easy and important steps can be followed for drafting a document:
I. Ascertain a proper title of the document, which aptly describes the nature of transaction
in brief.
ii. Ascertain the parties to the transaction/agreement or the persons executing the document
representing the parties. The particulars of identity like father’s/husband’s name,
residential/official address, age, date of incorporation in case of company etc. should also
be mentioned.
iii. Note down the transaction/agreement and the consideration involved.
iv. State the mode and manner of payment of consideration.
v. Note down the various terms and conditions of the agreement. These terms actually state
the rights and liabilities of each party under the agreement. These terms should be drafted
in very clear and precise language. The words used should be unambiguous so that only
one meaning/interpretation is possible. It should be ensured that no condition is left out.
vi. At the end, the document should bear signatures and stamp/seal where necessary of the
executing parties. The date and place of execution should also be mentioned.
vii. Some documents also require to be witnessed by some independent person who is not
party to the document.
viii. Where a document is required to be executed on stamp paper, then the stamp paper
should be of prescribed value as applicable in the concerned state.
ix. If a document is required to be registered, it should be presented for registration before
the appropriate authority, within a reasonable time after execution.
x. Necessary number of copies of the document should also be prepared on stamp paper of
appropriate value, if so required.
1.5. Points to be kept in mind while drafting agreements
3⁄4 Prepare an outline.
3⁄4 Establish a single principle of division and use that principle to divide the subject matter
into major topics.
3⁄4 Arrange the items in a logic sequence.
3⁄4 Give appropriate headings.