Is agreement on company letterhead a legal document?

An agreement on a plain paper has the same legal character and force as an agreement which has been reduced to writing on the letterhead of the company. The agreements are never drafted on the letterheads of the institutions. Agreements are not printed on company Letter Heads but on demi papers/stamp papers, 2.

Is a letterhead a legal document?

In spite of this pressure to keep communications paperless, letterhead still lends the additional legitimacy to legal documents and contracts, queries and petitions that plain paper and handwritten script frequently lack.

Does an MOU go on letterhead?

The convention is NO letterhead. The Memorandum of Understanding is most typically on plain paper — just like agreements, contracts and deeds are too. The MOU is a ‘heads’ agreement — one that outlines the matters that the two parties have (what we lawyers traditionally say) “a meeting of minds” on.

Is stamp required on letterhead?

Company letters printed on the company’s letterhead should also be acceptable without the need for a company stamp.

What must be on company letterhead?

Business letterhead is the header at the top of a company letter. Letterhead usually includes a business’s logo, name, address and contact information such as phone or fax number, email address and company website URL.

What details need to be on company letterhead?

You must include your company’s name on all company documents, publicity and letters. On business letters, order forms and websites, you must show: the company’s registered number.

Is an MOU legally binding?

A memorandum of understanding is an agreement between two or more parties outlined in a formal document. It is not legally binding but signals the willingness of the parties to move forward with a contract. The MOU can be seen as the starting point for negotiations as it defines the scope and purpose of the talks.

Is accepting a job offer via email legally binding?

In general, if the four elements of an employment contract are present (offer, acceptance, consideration, and intention), the email can be found to be a legally binding contract.

Can a company require an employee to sign a bond period?

Hence a case where the company has spent a lot of time and money in training the Employee in return for which the Employee signs a bond for a period of 1 year would be seen as a reasonable restriction. The same however cannot be said in a case where the company without giving any consideration requires the Employee to sign a bond period.

What is an employment bond and how does it work?

The Employment Bond is basically an agreement which the company and the employee enter into which among the other terms contained therein states that in consideration of the training given to the Employee and the money spent by the company in imparting such training, the Employee will remain in the services of the company for a particular period.

Can a bond be one sided?

Most of the Bonds are one sided. Again as per the Indian Contract Act no contract can be enforced on any person if the contract which is being so enforced causes any harm to the person on whom its is enforced and if performed would violate principles of natural justices.

What are the requirements of a valid employment bond agreement?

Following are the requirements of a valid employment bond agreement. The agreement must be signed by the parties with free consent. The conditions stipulated must be reasonable and: The conditions imposed on the employee must be proved to be necessary to safeguard the interest of the employer.