My builder promised to complete my house but left it unfinished, trying to take advantage of me. We’ve now agreed on a settlement amount and have a handwritten agreement signed by both of us and two witnesses. Is this informal agreement enough, or do I need a formal agreement on stamped paper to be safe?

Apni Law
Apni Law
Law Forum › Category: Consumer Court › My builder promised to complete my house but left it unfinished, trying to take advantage of me. We’ve now agreed on a settlement amount and have a handwritten agreement signed by both of us and two witnesses. Is this informal agreement enough, or do I need a formal agreement on stamped paper to be safe?
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Apni Law Staff asked 11 months ago

My builder promised to complete my house but left it unfinished, trying to take advantage of me. We’ve now agreed on a settlement amount and have a handwritten agreement signed by both of us and two witnesses. Is this informal agreement enough, or do I need a formal agreement on stamped paper to be safe?

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Best Answer

Apni Law Staff answered 11 months ago

While a handwritten agreement with witnesses is a step in the right direction, it’s advisable to formalize the settlement with a registered agreement on stamped paper. This provides greater legal protection and enforceability in case of future disputes.

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