Agreements – Registered or UnregisteredRegistered or Unregistered Agreements • October 9th, 2020
Contract Type FiledOctober 9th, 2020From procedural perspective, deeds/agreements can be divided into two types - registered or unregistered. Section 17 and 17A provide the list of agreement which are necessary to be registered. Besides, any agreement valuing Tk. 100 or more can be registered at the option the parties. Generally, formats of most of the registered agreements are provided under statute e.g. sale deed, agreement for sale, deed of irrevocable power of attorney, mortgage deed, exchange deed, trust deed, lease deed, etc. Where format is provided, the parties can’t go beyond that. Parties must follow the format for registration. But where no format is prescribed, the parties can follow general formats. Nevertheless, so far format is concerned, almost all agreements follow common formats.