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Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Guideline for Drafting an Affidavit for Extension of Supply of Goods:
Usage:
An Affidavit for Extension of Supply of Goods is used in various commercial and contractual situations where a party needs to formally declare, under oath, their intention to extend the supply or delivery of goods beyond the originally agreed-upon terms. This document is often utilized in supplier-client relationships to provide legal confirmation of the extension. Here's a concise guideline:
Header: Include the party's name making the affidavit, date, and a clear title specifying it's an affidavit for extending the supply of goods.
Introduction: Begin with a statement affirming that the affidavit is being made voluntarily and under oath.
Party Details: Provide the full names, addresses, contact information, and any relevant identification or registration numbers of both the supplier and the client.
Supply Extension Details: Clearly state the details of the extension, including the new delivery dates, quantities, or any other pertinent information.
Reasons for Extension: Explain the reasons necessitating the extension, such as unexpected delays, unforeseen circumstances, or mutual agreement.
Legal Implications: Address any legal consequences of the extension, such as changes in payment terms or penalties.
Signature: Include spaces for the supplier's and client's signatures, dates, and a notary public's acknowledgment.
Common Mistakes to Avoid:
Inaccuracies: Ensure all information in the affidavit is accurate and truthful.
Lack of Clarity: Write the affidavit in clear and straightforward language to prevent misunderstandings.
Failure to Notarize: Notarize the affidavit to give it legal validity and weight.
Exceeding Scope: Stick to the specific extension details and reasons, avoiding irrelevant information.
Ignoring Legal Counsel: Consult legal professionals, especially when significant legal or financial implications are involved, to ensure compliance with relevant laws and regulations.
Drafting an Affidavit for Extension of Supply of Goods is essential for maintaining transparency and legal documentation in commercial relationships. It should be prepared with care to ensure that the extension is properly formalized and that all parties involved fully understand the terms and consequences. Legal consultation may be necessary in complex cases or when dealing with significant legal implications.
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