Cancellation of Sale and Reconveyance by Shiva.

Cancellation of Sale and Reconveyance

THIS DEED OF SALE is made on the . . . . . . . . . day of . . . . . ,
20 . . . . . . . BETWEEN A. B. etc. (hereinafter called ‘‘the Vendor’’) of the one part AND C. D. etc. (hereinafter called ‘‘the Purchaser’’) of the other part.

WHEREAS by a deed of a sale dated the . . . . . . . . . registered in the office of the . . . . . . . . . on the . . . . . . . . . the Vendor transferred the property described in the Schedule hereto to the Purchaser for a consideration of Rs. . . . . . . . . . retained by the Purchaser to be applied in the manner therein specified;

AND WHEREAS one E. F. represented to the Vendor that under the law of pre-emption he had a preferential right of purchase as against the Purchaser and offered to purchase the said property for the said price;

AND WHEREAS the Vendor has been advised that the claim of the said E. F. is valid and to avoid future litigation it would be better to cancel the sale made in favour of the Purchaser under the aforesaid deed of sale and to transfer the property in favour of the said E. F.;

AND WHEREAS the Purchaser has agreed with the Vendor to have the aforesaid deed of sale cancelled and to reconvey the said property to the Vendor in consideration of the Vendor releasing the Purchaser from the obligations arising under the covenants by the Purchaser contained in the aforesaid deed of sale.

NOW THIS DEED WITNESSES that in pursuance of the said agreement and for the consideration aforesaid the parties hereto agree that the aforesaid deed of sale be and is hereby cancelled AND the Purchaser hereby reconveys and transfers to the Vendor ALL the property described in the Schedule hereto TO HOLD the same to the Vendor for ever;

AND the Vendor hereby release the Purchaser from the obligation under the covenants by the Purchaser contained in the aforesaid deed of sale:

PROVIDED ALWAYS and it is hereby agreed that wherever such an interpretation would be requisite to give the fullest possible scope and effect to any contract or covenant herein contained the expressions ‘‘the Vendor’’ and ‘‘the Purchaser’’ hereinbefore used include their respective heirs, legal representatives, successors and assigns.

IN WITNESS WHEREOF the parties hereto have signed this deed on the dates mentioned against their respective signatures.

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.