Franking of Agreement

Franking of Agreement: What is it and How Does it Work?

Franking of agreement is a concept that is not commonly known to the general public, but it is important for businesses and organizations that handle a large amount of mail and contracts. This article aims to explain what franking of agreement is, how it works and why it is necessary for businesses.

Franking of agreement is the process of affixing a special stamp or marking on a contract or agreement to indicate that the postage or delivery fee has been paid in full. This stamp or marking is known as a franking impression, and it serves as proof of payment. Franking of agreement is commonly used by businesses and organizations that send out a large number of contracts, such as law firms, banks, government agencies, and non-profit organizations.

The process of franking of agreement starts with the purchase of a franking machine. This machine is a specialized equipment that prints the franking impression on the envelope or package. To use the machine, businesses need to register with the postal service and obtain a license to use it. Once the license is obtained, the franking machine can be used to print the franking impression on the envelope or package.

There are several advantages to using a franking machine for franking of agreement. First, it can save businesses money on postage. Franking machines often offer discounted rates on postage, which can add up to significant savings over time. Second, it can save time and improve efficiency. Franking of agreement eliminates the need to manually apply postage stamps or go to the post office to purchase postage. Instead, businesses can simply print the franking impression on the envelope or package and send it out.

In addition to the cost and time savings, franking of agreement also helps businesses to maintain a professional image. The franking impression is a neat and tidy marking that indicates that the postage has been paid in full. It also includes the business name and logo, which can help to promote brand recognition.

In conclusion, franking of agreement is an important process for businesses and organizations that handle a large amount of mail and contracts. It is a cost-effective and efficient way to pay for postage and maintain a professional image. By using a franking machine to print the franking impression on the envelope or package, businesses can save time and money, while also improving their brand recognition.