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 Partnership Agreement - Stamping Question

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cynthusc
post Oct 24 2009, 08:32 PM

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QUOTE(mytrader @ Oct 24 2009, 02:32 PM)
Hi,

Got a question with regards to legal agreement/contract .

Me and a 2 other friends are forming a partnership(Perkongsian , not Sdn. Bhd.) to run some business. As for partnership agreement, since there is 3 of us , how many copies do I need to prepare for the stamping office to stamp  ?

Read over the internet that a original copy and 3 supplementary copies(1 for each partner) are needed , while the original copy will be kept by the stamping office, is this correct ?

As for the stamp duty, how is it calculated ? And is this paid for the original copy only , or for the supplementary copies as well ?

Hope some experts could shed some light on above matters, thanks !
*
1. RM10 for each document. Since there are three parties, just three copies and each is RM10. The Stamp Office will not keep a copy.
2. Make sure that the witness is not one of the parties to the agreement and is not a minor.

 

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