NEVER EVER SIGN CONTRACT ON STAMP PAPER WITH A CONTRACTOR | Can make life hell in PAKISTAN & INDIA
Автор: GP Design & Construction
Загружено: 2021-04-23
Просмотров: 31869
Suggesting that you never sign a contract with a contractor on a stamp paper. Contractors can make your life hell. We will be sharing a story where a contractor and client had made a very safe contract and followed all the things on a stamp paper. They tried their best that all the formalities should be finalized and written on the stamp paper so that both of them are secure. It was on the insistence of client that a formal contract was produced, printed on stamp paper and then signed by both the parties.
Both these parties started work and construction of project very happily until something bad started to happen. Contractor started to cheat on the quality and quantity of material. Once client started noticing, the finger pointing started. The rift increased between the both and finally it took them to a stage where both of them had to separate.
This is the stage where agreement came into play and we realized that the plot owner has more at stake then the contactor and the contractor thus has more bargaining power.
I would suggest that in this case don't do a contract on stamp paper.
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