Vendor Agreement (Procurement) in Haryana
Procurement contract for goods or services — covers delivery, quality, payment terms, MSMED Act compliance, and warranties.
Generate Vendor Agreement (Procurement) for Haryana — Free First Doc⚖️ Vendor Agreement (Procurement) stamp duty & registration in Haryana
- Stamp duty: 7% of consideration
- Registration fee: 1% of consideration
- Validity: Per the term stated in the agreement; typically 12 months with auto-renewal or purchase-order-based.
- Regulator: Haryana Revenue & Disaster Management Department
💡 Stamp duty in Haryana is 5% for women buyers — 2% lower than the standard 7% rate.
🎯 When you need a Vendor Agreement (Procurement) in Haryana
- Buying raw materials or finished goods from a supplier
- Engaging a logistics or warehousing vendor
- Onboarding a payment gateway or technology vendor
- Sourcing from an MSME vendor (Section 15 MSMED Act compliance)
- Annual maintenance and support contracts
❓ Frequently asked questions
What is the MSMED Act and how does it affect Vendor Agreements?
The Micro, Small and Medium Enterprises Development Act, 2006 mandates payment to MSME vendors within 45 days (or as agreed, whichever is earlier). Section 15 imposes compound interest at 3× the RBI bank rate on delayed payments. Buyers must disclose unpaid MSME dues in their annual accounts.
Does a Vendor Agreement attract stamp duty?
Yes — nominal stamp duty (₹100–₹500) on non-judicial stamp paper. For agreements transferring movable goods, the Sale of Goods Act, 1930 applies and stamp duty depends on the consideration.
Who bears the risk during delivery — buyer or vendor?
Default rule under Section 26 of the Sale of Goods Act, 1930: risk follows property. The agreement should expressly state Incoterms (FOB, CIF, Ex-Works) and the point at which title and risk pass to the buyer.
Is GST e-invoicing applicable to Vendor Agreements?
For B2B supplies, e-invoicing is mandatory if the vendor’s aggregate turnover exceeds ₹5 crore (as of 2023). The Vendor Agreement should require the vendor to issue compliant tax invoices and provide IRN within the prescribed time.
Can the buyer reject defective goods under a Vendor Agreement?
Yes — Section 41 of the Sale of Goods Act, 1930 gives the buyer the right to examine goods on delivery. If they do not conform to the contract, the buyer can reject within a reasonable time and is entitled to refund or replacement.
🔗 Related documents for Haryana
Master Service Agreement (B2B)
B2B services contract with scope, payment, SLA, IP, and termination — ideal for agencies, consultants, and SaaS vendors.
Non-Disclosure Agreement (NDA)
Mutual or one-way confidentiality agreement — Indian Contract Act compliant, DPDP-2023 ready, enforceable in Indian courts.
Partnership Deed
Two-or-more-partner firm constitution under the Indian Partnership Act, 1932 — capital, profit share, roles, and dissolution.
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