Shared Expense Agreement

Shared Expense Agreement — this contract typically follows the general framework of this category in Bangladesh. Money changes hands between friends, family members, small business partners, and informal lenders every day in Bangladesh — often without any written record. That informality is exactly what causes bitter disputes months later over whether the money was a loan or a gift, what the interest was, and when it should be repaid. A short written loan / money-receipt agreement — signed by both parties with at least one witness — turns a fuzzy oral understanding into a legally enforceable record. It should state the exact amount (in figures and in words), whether interest applies and at what rate, the repayment schedule (lump-sum or installment), any collateral, and what happens on default.

Stamp & registrationThe stamp duty and registration requirements for this specific agreement depend on the instrument type and the amount involved. Most ordinary private contracts run on Tk. 300 non-judicial stamp; certain instrument types (transfer of immovable property, leases exceeding one year, partnership deeds, gift deeds, etc.) require higher denominations or registration. Confirm the correct treatment for your specific situation with a lawyer before executing.

What this agreement typically contains

Full identity of both parties — name, address, NID, phone
Concise description of the shared expense agreement's subject-matter
Term of the agreement / effective dates
Any financial amount (in figures and words) and payment schedule
Clear obligations and undertakings of each party
Remedies and consequences on breach
Dispute-resolution path (negotiation / mediation / court)
Signatures of both parties and, if needed, witnesses

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Frequently asked questions

Is a digital agreement on ChuktiQ legally valid in Bangladesh?: Yes — Sections 6 and 7 of the ICT Act, 2006 give electronic records and OTP-verified electronic signatures the same legal recognition as their paper equivalents. Two important exceptions apply: (a) documents that a specific statute requires to be executed on non-judicial stamp paper or registered — such as land sale / transfer deeds under the Registration Act — still need that stamp / registration in addition to the digital record; and (b) family-law instruments (marriage, divorce, will) follow their own governing statutes. Where either exception applies to your specific agreement, ChuktiQ shows a clear notice on that page.
What stamp duty and registration apply to this type of agreement?: That depends on the specific instrument type and, for many instruments, the amount involved — the Stamp Act, 1899 and the Registration Act, 1908 supply the rules. Most ordinary private contracts (loan notes, service agreements, MOUs, NDAs, general contracts) run on Tk. 300 non-judicial stamp with no registration. Certain instrument types have higher requirements — partnership deeds, sale or purchase of immovable property, leases longer than one year, gift deeds, powers of attorney used for property transfer, and others. Before executing this specific agreement, confirm the correct stamp denomination and any registration formality with a lawyer, especially if any significant value or long-term commitment is involved.

Other contracts in this category

What this agreement typically contains

Full identity of both parties — name, address, NID, phone

Concise description of the shared expense agreement's subject-matter

Term of the agreement / effective dates

Any financial amount (in figures and words) and payment schedule

Clear obligations and undertakings of each party

Remedies and consequences on breach

Dispute-resolution path (negotiation / mediation / court)

Signatures of both parties and, if needed, witnesses

Frequently asked questions

Is a digital agreement on ChuktiQ legally valid in Bangladesh?

Yes — Sections 6 and 7 of the ICT Act, 2006 give electronic records and OTP-verified electronic signatures the same legal recognition as their paper equivalents. Two important exceptions apply: (a) documents that a specific statute requires to be executed on non-judicial stamp paper or registered — such as land sale / transfer deeds under the Registration Act — still need that stamp / registration in addition to the digital record; and (b) family-law instruments (marriage, divorce, will) follow their own governing statutes. Where either exception applies to your specific agreement, ChuktiQ shows a clear notice on that page.

What stamp duty and registration apply to this type of agreement?

That depends on the specific instrument type and, for many instruments, the amount involved — the Stamp Act, 1899 and the Registration Act, 1908 supply the rules. Most ordinary private contracts (loan notes, service agreements, MOUs, NDAs, general contracts) run on Tk. 300 non-judicial stamp with no registration. Certain instrument types have higher requirements — partnership deeds, sale or purchase of immovable property, leases longer than one year, gift deeds, powers of attorney used for property transfer, and others. Before executing this specific agreement, confirm the correct stamp denomination and any registration formality with a lawyer, especially if any significant value or long-term commitment is involved.