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Welcome To Contract Easily! ( Consult, Contract, Share,download Legal Matters Easily )
Contract Easily
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.
Indemnity for Duplicate Bank DCR: A Mini-Guide
An indemnity for a duplicate bank DCR (Delivery Challan Receipt) protects the bank from financial and legal liability if the original DCR resurfaces or is misused. This document is crucial when:
The original DCR is lost, stolen, or damaged.
The original DCR is presented for encashment after a duplicate is issued.
Common Mistakes to Avoid:
Incomplete details: Clearly state the original DCR details like number, date, bank branch, issuing and receiving parties, and amount.
Ambiguous scope: Specify the scope of indemnity, covering potential losses and expenses due to original DCR reappearance or unauthorized use.
Missing obligations: Clearly define your responsibilities, including returning the original DCR if found and bearing any related legal costs.
Legal loopholes: Seek legal consultation to ensure the document is airtight and enforceable.
Unsigned or unstamped: Obtain proper signatures and bank stamps for validity.
Remember, this is a simplified guide. For complex cases, always consult a legal professional.