A few of the points that need to be considered while executing the Project Agreement are;
1. The Agreement should be executed on stamp paper of relevant value as per the law applicable in the jurisdiction in which the agreement is to be made;
2. It should be signed by an authorised person and this authority can be established through power of attorney or charter document of the company;
3. The bid submitted by the successful bidder, along with the bid security, should be kept valid till execution of the Agreement;
4. Representatives of all the parties to the Agreement with the authority to sign should execute the Agreement in the presence of atleast two witnesses whose signatures must be taken; and
5. Both the parties will sign each page of the agreement and the seal of the parties should be applied. The common seal of the SPV signing the agreement shall also be put on the contract.