FORM OF FOREIGN COLLABORATION

AGREEMENT
(Formation of a new Company)
THIS AGREEMENT is made the ... day of .... 2013, between M/s. ABC & Co. Ltd., a company
Incorporated in India and having its business address at ......... (hereinafter called 'the Local
Company' of the One Part And M/s. XYZ and Co. Ltd., a company Incorporated in . and
having its registered office at .. (hereinafter called the Foreign Company') of the
Other Part.
WHEREAS the Local Company is carrying on the business. inter alia of manufacturing ... for export.
AND WHEREAS the foreign company Is carrying on the business inter alia in the manufacture of .
.
AND WHEREAS the parties hereto have, after several consultations with each other shown the
intention to co-operate with each other and enter into a joint venture relationship for the manufacture
of ... (hereinafter referred to as 'the Product') for the consideration and upon the terms and conditions
herein contained.
AND WHEREAS pursuant to the aforesaid intention of the parties hereto they propose to procure the
formation of a Limited Company in India known as ...under the Indian Companies Act, 2013,
(hereinafter called 'the Company') which would have an authorised share capital of Rs. ...
(Rupees ... ) divided into ... ordinary or equity shares of Rs.....each and an issued
share capital of Rs. .
NOW IT IS HEREBY AGREED between the parties as follows: 1.
Forthwith upon the execution of this agreement the parties hereto shall get registered a
Company in the name of M/s. .. Ltd., (and which name is approved by the Registrar of
Companies at .. ) with the said Registrar under the Indian Companies Act. 2013, In terms
of the Memorandum and Articles of Association in the form of the drafts which have been approved by
the parties and shall comply with the other requirements of such registration.
2.
The rights attaching to the shares of the Company have been set out in the draft Articles of
Association referred to in Clause 1 hereof.
3.

Each of the parties hereto undertakes to the other

(1)
To perform and observe and (so far as it is able by the exercise of voting rights or otherwise
so to do) to procure that the Company will perform and observe all the provisions of this Agreement.
(2)
and

To take all necessary steps on its part to give full effect to the provisions of this agreement,

(3)
without prejudice to the generality of the foregoing, to exercise and procure that every
person for the time being representing it will exercise or refrain from exercising any rights of voting at
any meeting of the members or of the Directors of the Company so as to ensure the passing of any

and every resolution necessary or desirable to procure that the affairs of the Company are conducted
In accordance with this agreement and otherwise to give full effect to the provisions of this agreement
and likewise so as to ensure that no resolution is passed which does not accord with such provisions.
4.

The registered office of the Company shall be at ...

5.
The parties hereto agree that the share equity In the Company shall be in the following
proportion:
(a)

The Foreign Company shall hold ... per cent, and

(b)
The Local Company shall hold percent of the total issued share capital of the company at
any one time throughout the period of this joint venture.
6.
All shares issued shall be paid in full in cash and/or in kind to the Company but no additional
shares shall be issued without the prior mutual agreement of the parties hereto. However. the parties
hereto shall have pre-emptive rights in proportion to the number of shares held by each of them with
respect to any new issuance of shares of the Company, subject to approval of SEBI, if required.
7.
Neither of the parties hereto shall pledge, sell, transfer or otherwise encumber or dispose of
all or any of the shares of the Company without the written consent of the other party.
8.
As provided in the draft Articles of Association referred to in Clause 1 hereof the number of
Directors of the Company shall be ........... of whom .... will be nominated by the Foreign
Company and ... by the Local Company respectively hereto. Before the commencement of each
financial year of the Company the Directors shall appoint one of their members to be the Chairman of
the Board throughout such financial year and the person so elected shall be nominated in respect of
alternate years by the parties hereto. The chairman shall have a casting vote at meetings of directors
or at general meetings of the Company. The first Chairman of the Company shall be nominated from
the Local Company. No director so appointed as herein provided shall be entitled to remuneration
whatsoever unless otherwise agreed by the parties hereto.
9.
In the event that a director vacates his position at any time for whatsoever reason the
vacancy shall be filled by the nomination of the party whose nominated director as aforesaid has
vacated his/her position.
10.
The Board of Directors shall decide the time and venue for convening all meetings of the
Company, provided that they will be held always in India.
11.
All general meetings of the Company shall be conducted in the language understood by the
parties hereto and/or the shareholders of the Company but all the minutes of such meetings shall he
written in the English language.
12.
The quorum for meetings of Directors of the Company and the procedure for transacting
business at meetings of Directors of the Company shall be as prescribed in the draft Articles of
Association referred to in clause 1.
13.
The Local Company will arrange for the necessary accounting and other essential services
and facilities to be provided for the Company on terms to be approved by the Directors of the
Company.

14.
(a)

the accounts of the Company shall be made upto the 3lst day of March in each year.

(b)
The annual statement of account of the company shall be audited by an independent
Chartered Accountant to be appointed on the mutual agreement of the parties hereto. The Company
shall issue to the shareholders on a semi-annual basis and within sixty (60) days of the end of the
relevant month the financial statements together with the report on operations for the period covered
by the financial statements and which shall be submitted In the English language at the expense of
the Company.
15.
The Company shall open a bank account with the Bank of.... and such account shall be
operated by any two (2) Directors of the Company or otherwise as may be determined by the
Directors of the Company from time to time.
16.
The Directors shall appoint two (2) Joint Representative Directors for the Company, one of
whom shall be nominated by the Local Company and the other by the Foreign Company, who shall be
responsible for the operation and administration of the Company in accordance with the decisions of
the Directors. The Joint Representative Director nominated by the Foreign Company shall be
designated the President of the Company and the Joint Representative Director nominated by the
Local Company shall be designated the Vice-President of the Company.
17.
The Directors of the Company may appoint a manager for the day to day management of the
affairs of the Company and/or a manager for direction of manufacturing and sale of the product.
18.

Except with the approval of the Directors of the Company

(a)

The Company shall not engage in any other business than the manufacture of the Product.

(b)

The company shall not make or incur any commitment for capital expenditure. and

(c)
The Company shall not enter into any contract or engagement of a material nature outside
the normal course of business.
19.
This Agreement shall continue to be in effect so long as both parties remain the shareholders
of the Company in the manner aforesaid unless the same is earlier terminated as provided
hereinbelow by written notice of one party to the other of its intention to terminate this agreement :
(a) In the event that the necessary approvals by the Government authorities for this joint venture
and/or the necessary approvals for the manufacture of the Product and such other related matters are
not obtained within three (3) months from the date of this agreement or such other period the parties
hereto may agree to. or
(b) In the event that either party commits a breach of any of the terms of this agreement, provided
that. the other party in writing requires the former to remedy such breach within ninety (90) days
from the date of the notice and the party receiving such notice has failed to remedy the breach, or
(c) In the event of any acts by force majeure which either of the parties are unable to remedy within
ninety (90) days of its happening, or
(d) In the event that either party hereto goes into liquidation voluntarily or compulsorily or enters into

composition with its creditors or restructures Itself or does anything whereby its corporate entity Is so
materially changed so as to adversely affect this joint venture and/or this agreement ; or
(e) In the event that there be intervention by the local authorities thereby making the joint venture
not viable to continue ; or
(f) In the event that the parties hereto mutually agree to the termination of this agreement.
20.
If either party hereto gives notice of termination of this agreement as aforesaid the party
giving the said notice shall offer in writing the sale of its shares in the Company to the other party at
the fair market value then prevailing and if the party receiving the said offer does not accept the offer
itself or by Its nominee or nominees within ninety (90) days from the date of the said notice then the
Company shall be deemed to go Into voluntary liquidation in which event a liquidator will be appointed
for the eventual dissolution of the Company. For the purpose of this Clause the phrase 'fair market
value' shall mean the price per share as agreed upon by the parties hereto or in the event the parties
are unable to agree within the said period of ninety (90) days the price per share shall be determined
by the Independent Chartered Accountant of the Company and such determination shall be final and
binding on the parties hereto.
21.
The failure of either party to insist on the strict and punctual performance of the provisions
of this agreement shall not constitute a waiver of or estoppel against asserting the right to require
such performance nor should a waiver or estoppel in one Instance constitute a waiver or estoppel with
respect to a later breach whether of similar nature or otherwise. Nothing in this provision shall prevent
a party hereto from enforcing Its rights by such remedies as may be available in lieu of termination of
this agreement as specified in Clause 18 hereto.
22.
In the event that there be any term or provision of this agreement becoming invalid, illegal
or unenforceable in any respect after execution hereof such invalidity or unenforecability shall not
affect any other term or provision of this agreement and this agreement shall be interpreted and
construed as if such Invalidity illegality or unenforecability had never existed and/or contained in this
agreement.
23.
The failure or delay of either party hereto to perform any obligation under this agreement
solely by reason of acts of God, acts of Governmental policies (otherwise than provided herein) riots.
wars, strikes, lockouts. accidents in transportation and/or such other causes beyond the party's
control shall not be deemed to he a breach of this Agreement.
PROVIDED ALWAYS, if the party is so prevented from performing as herein stated it shall continue to
take all expedient steps and/or actions within its ability to rectify the situation.
24.
Except where the nature of the happening is such as to prevent the party from doing so the
party suffering from the acts by force majeure shall notify the other party inwriting within seven (7)
days after the occurrence of such happening.
25.
This agreement shall not be construed by either party hereto as constituting each of them
the agent of the other nor the Company as the agent for either of them.
26.
This Agreement shall be binding upon and accrue to the benefit of the parties hereto and
their respective successors and assigns but any assignment of this agreement by one party shall not
be effective without the written consent of the other party being first had and obtained.

27.
The costs and expenses incidental to this Agreement shall be paid by the parties hereto but
such payments shall be reimbursed by the Company after the execution hereof.
28.
The terms and conditions, apart from those contained herein, on which the Foreign Company
has agreed to collaborate and to render necessary help in the manufacture of the said product by the
Company by supplying the know-how and transferring its patents and trade marks, have been
recorded in a draft of the agreement to be entered into between the Company and the parties hereto
and such draft which is approved by both the parties hereto and is annexed hereto as Annexure A
shall be deemed to form part of this agreement. On the registration of the said Company the said draft
agreement will be got adopted by the Board of Directors of the Company and shall be thereafter
executed by and on behalf of the Company and the parties hereto so as to be binding on the
Company.
29.
The parties hereto shall get the Articles of Association of the Company amended, if required,
to make them consistent with the terms of this agreement.
30.
(a)

The parties hereto covenant with each other as follows

that it will carry out the provisions of this agreement in good faith and in the spirit it is executed.

(b) that it warrants and represents to the other party that it has no outstanding commitments or
obligations which would impede its ability and right to enter into this agreement and/or fulfil its
obligations hereunder except for those disclosed in writing at the time of the execution hereof.
(c) That it will indemnify the other party if the aforesaid warranty and/or representation is found to
be false or untrue and save it harmless from all damages, fines,costs and such other expenses in
consequence thereof.
(d) That it will not engage or participate in any manner with any other party in any venture within
India which may compete and/or be detrimental to the Company's manufacture and sale of the
Product or the goodwill and wellbeing of the Company generally, and
(e) that it will do such acts and/or deeds as are necessary and beneficial to the Company upon the
request by the other party hereto.
31.
All disputes and/or differences arising between the parties hereto with regard to this
agreement including Annexure A hereto or the duties, powers or liabilities or either party hereunder or
with regard to the construction of any clause hereof or any act or thing to be done in pursuance
thereof or arising out of anything herein contained whether during the continuance of this agreement
or upon or after its termination by any act of either party hereto or otherwise shall be referred to a
single Arbitrator In accordance with the provisions of the Indian Arbitration & Conciliation Act, 1996.
32.
Any notice required or permitted to be given hereunder shall be in writing and may be given
by the personal service or prepaid mall or by electronic transmissions to the parties hereto at their
addresses specifiedbelow :
To the Local Company: ...
To the Foreign Company: ...
and any such notice given shall be deemed to have been received by either of the parties hereto

within fourteen (14) days after it has been posted and if it is sent by electronic transmission it shall be
deemed to have been received within forty eight hours after it has been transmitted. For the purpose
of showing proof of posting and/or transmitting it shall be sufficient to produce a letter. a telex, a
cable and/or a telefax message containing the notice and properly addressed, posted and/or
transmitted to the party intended therefor.
33.

This agreement shall be construed and shall take effect in accordance with the law in India.

AS WITNESS the Common Seal of the parties hereto have been hereunto affixed, the day and year
first hereinabove written
The common seal of M/s. ABC Co. Ltd.,
is hereunto affixed pursuant to the resolution of the
Board of Directors dated .... in the presence of
Mr...,a Director duly authorised in that behalf
The common seal of M/s. XYZ & Co. Ltd.,
is hereunto affixed pursuant to the resolution of the
Board of Directors dated.. in the presence of
Mr. ... a Director, duly authorised In that behalf.
Witnesses;
1.
2.

MEMORANDUM OF UNDERSTANDING
This MEMORANDUM OF UNDERSTANDING is executed at Hyderabad, Andhra Pradesh, on
this the

day of 4th August, 2015.

BETWEEN
1.

__________ s/o _____________ aged about ___yrs proprietor of M/s _____________

builders and developers having registered office at H no:- ______________________________ and

2.
3.
Hereinafter referred to as the First, Second and Third party respectively;

WHEREAS the above second and third parties expressed their desire to invest a sum of Rs 20,00,000/( Rupees Twenty Lakhs Only) each in a real estate development venture styled as
_______________________ on the following terms and conditions
NOW THIS AGREEMENT WITNESSES AND THE PARTIES HERETO AGREE AS FOLLOWS:

1.

The monies advanced will be in the form of investment in M/s

_______________________ at __________ on the below mentioned terms and conditions.

2.

The total investment in the project is expected to be Rs 80 lacs upto its completetion.

The land is taken on development from Mr_______________ on the following terms and conditions
50:50 basis
3.

Agreed that, in return of such investment the profits of ____________ will be

distributed in the following Manner

First party
Second party
Third party

33.33%
33.33%
33.33%

However in the event the investment in the project exceeds Rs 40 lakhs which is the amount now
being put in by the second and the third parties and the sale did not go as per planned then in such an
event the first party may have to rope in some other investors or arrange for the funds. In such an
event the profit sharing ratio of the second and third party shall be diluted to the extent of fresh

investment being brought in.

4.

In the event of any dispute with regard to this AGREEMENT and / or the interpretation

of any of the terms and conditions hereof and / or the implementation hereof, including questions of
determination of any aspect hereof as may arise or become applicable, any and all other matters
relatable to or arising out of the same, howsoever remotely connected, the same shall be referred to
arbitrator of the choice all the parties. The Arbitrators decision shall be final and binding and all the
parties being bound to forthwith implement the same. The arbitration shall be held at Hyderabad and
shall be conducted in accordance with the Arbitration and Conciliation Act, 1996.
IN WITNESS WHEREOF, the parties hereto have executed this AGREEMENT on the date, month and
year first hereinabove written in the presence of the following witnesses :
WITNESSES
1.

1.

2.

2.

PARTNERSHIP DEED
This Deed of Partnership is made and executed at Hyderabad on this __th day of _______2012
by and between:
1.

____________ S/o _______ age about ___ years Occ: Business R/o H.No

________________________________, Hyderabad.
(herein after referred to as the First and Second partners respectively .)
WHEREAS the Partners 1 and 2 named above have constituted themselves into a Partnership firm from
this ____th ______ 2012.
WHEREAS the Partners herein have thought expedient and desirable to have an instrument of
Partnership in order to avoid any possible disputes and misunderstandings.
NOW THEREFORE THIS INSTRUMENT OF PARTNERSHIP WITNESSES AND THE PARTIES HERETO HAVE
MUTUALLY

AGREED UPON

THE FOLLOWING TERMS AND CONDITIONS:

1.

The name of the firm shall be "_______ or any other name as the Partners may decide from

time to time.
2. The business of the firm shall be carried on at R/o H.No :_______________________, Hyderabad.
3.
a)

The firm may do the following businesses:

All kinds of __________________.

4. The Partnership shall be at will.

5. The Partners herein have agreed to invest such sums towards their capital from time to time as per
the needs and exigencies of the business. Such capital shall carry interest at the rate of 12% (Twelve
percent) per annum..
6. The firm shall regularly maintain in the ordinary course of business a true and correct account of all
the incomings and outgoings of the Partnership business and also of its assets and liabilities in

proper

books of accounts which shall be closed once in every year on 31st March, to profit and loss account
and to the Balance Sheet as on that date.
7.Each Partner shall have the access to the books of accounts and right to inspect and verify the
same and take copies and extracts there from.

8.

The firm may maintain one or more than one bank account with one or more than one bank and

such account or accounts shall be operated upon by all the Partners either individually or Jointly.
9.

The monies, securities and other valuables of and belonging to the firm as may come into its

possession and which are not immediately needed for its day to day business, shall be kept properly
invested or in safe custody and no Partner shall utilise or spend any money, security, goods or other
property or assets of the firm for his/her own individual benefit.
10.

All Partners herein shall be the Working Partners of the firm and shall at all time during

the Partnership devote sufficient time and attention to the said Partnership diligently and
faithfully carry on day to day affairs of the business for the greatest advantage of the Partnership. The
First partner shall be the managing partner and is herein authorized to sign all sale/purchase deeds.
.
11.

The parties herein shall share the profit or bear the losses as the case may be in equal

proportion.
Any partner shall only after written mutual consent of all the partners can make any withdrawal of
their share of profit or remuneration from the firm.

12.

All the Partners are working Partners and shall be entitled to the remuneration to

be calculated in the following manner.

i)

For the First Rs. 3,00,000/-

90% of the book profit or Rs. 1,50,000/- which ever is

more.
ii)
iii)

For the balance of the remaining profits 60% of the book profits.
In the case of loss total remuneration to all the partners shall be restricted

to Rs. 1,50,000/-. The book profits mean the profits as shown in the profit and loss account of the
firm from all sources of income.
iv)

The remuneration as calculated above will be credit to the account of the all the partner

in equal proportion:
For the purpose of the clause Book Profit means profit as shown in the Profit and Loss Account for
relevant accounting year computed in the manner laid down in Chapter IV-D of the
Income tax Act (43 of 1961) as increased by the aggregate amount of remuneration paid or payable
to the partner under this clause, if such amount has been deducted while computing the net profit.

(b)

This remuneration shall be charged to the profit and loss account before ascertainment

of divisible profit or losses as the case may be.

(c)

The remuneration payable to the working partner shall be credited to their respective

capital/current account at the end of each financial year.

13.

The Partners shall be entitled to make withdrawals from the firm, from time to time such sum

or sums as may be determined mutually by all the Partners provided such drawals shall be debited to
the accounts of the respective Partners in the firm.
14. No Party shall be entitled to transfer his/their interest in the firm either by way of mortgage,
sale, gift, exchange or other wise or introduce or attempt to introduce any person into the firm with
any right whatsoever.
15. It is hereby expressly agreed that for proper and efficient management and conduct of business
of the firm and as per the needs and exigencies of the business, the Partners may appoint,
nominate or constitute one or more than one partner amongst themselves only, as their attorney
or attorneys delegating such power as are necessary including the power to borrow or raise
loans for the firm and to operate its bank accounts.
16.

No partner is allowed the borrow or lend, give guarantee on behalf of the firm or create a

charge on the assets of the firm neither in his personal capacity nor acting as a partner of the firm
unless approved expressly in writing by all the partners on a case to case basis
17. No new Partner shall be introduced or admitted into the business without the written consent of
all the Partners.

18. If any Partner shall at any time during the subsistence of the Partnership be desirous
ofretiring from the firm, it shall be competent for him/her to do so, provided always that he/she shall
in such a case give at least Three months of clear notice of his intention to do so. Thereafter,
his/her account shall be settled within a reasonable time. This period can with mutual consent be
increased/reduced or waived.
Further, the retiring Partner

by

his

act

of retirement will relinquish assign and deliver all

his right in the business of the Partnership, its assets, stocks etc. to the continuing

Partner(s)

absolutely and forever. The retiring Partner shall be entitled only to the extent of amounts shown
to his/her credit and shall not have any nature of right, title or interest in the business of the
Partnership firm.
19.

Until decided otherwise from time to time in case of retirement or death of any of the

Partners herein, the firm shall not be dissolved but will continue by admitting any one legal heir of
the deceased partner into Partnership business, with the consent of surviving partners, on the
same terms and conditions as applicable to the deceased Partner or as decided otherwise and
agreed upon.

20. Should any dispute or doubt or question arise between the Partners in respect of the
Partnership

or

its

affairs in respect of any matter touching the construction or interpretation of any

matter of this Deed, the same shall be referred to arbitration in accordance with the Law of
Arbitration in force and applicable.
21. For matters which are not provided in this DEED, The Partnership Act in force shall apply.
IN WITNESS WHEREOF the Parties herein have signed this DEED in the presence of the following
witnesses.
WITNESSES:
1.

SIGNATURE OF PARTNERS
1.

Partnership Dissolution Deed

DISSOLUTION DEED
THIS DEED OF DISSOLUTION is made on the _____________ day of ________
BY AND BETWEEN :
1.
2.
Hereinafter called FIRST AND SECOND PARTNERS (which expression where the context so permits
shall mean and include their heirs, executors, administrators and assigns).
WHEREAS the above named FIRST AND SECOND PARTNERS were carrying on business under the
named as M/S __________________________ having their office at _________________________
in _____________________________(address) evidence from the deed of Partnership Deed dated
_____________ in the Ratio of 50% each.
AND WHEREAS the firm M/s __________________________ have been carrying on the business of
_______________.
AND WHEREAS the FIRST & SECOND PARTNERS hereto decided to dissolve the said firm on and with
effect from _____________;
AND WHEREAS the parties hereto considered it expedient and necessary to draw a deed of
dissolution of the said firm.

NOW THIS DEED WITNESSETH AND PARTIES HERETO HAVE MUTUALLY AGREED AS UNDER

1.

That the partnership business styled as__________________. with its principal place of
business at ______________________, Hyderabad was dissolved on ___________ and the
firm ceased to carry on business from and with effect from _____________.

1.

That the parties hereto have settled their accounts and nothing is due to any other.

1.

That in case any sum is determined and be payable by the firm for the period up to the date of
dissolution as aforesaid, it will be paid in equal shares by the parties aforesaid. In the same
manner if any amount is receivable or payable to anybody whoever is concerned shall be
received and paid in the same proportions.

1.

That the Bank Account in the name of the Firm shall be closed with immediate effect and the
amounts available shall be transferred to PARTNERS individual accounts in the same bank.

1.

That the partnership between the FIRST and SECOND PARTNERS to the benefits of partnership
shall determine and stand dissolved with effect from ______________ and the parties jointly
or singly shall not carry on the business of the firm of M/s. ___________________ under the
name and style of M/s ________________ for the period of five years.

1.

That the books of account of the firm shall be closed on ___________ and the accounts shall
be squared up on the said date, assets and liabilities of the firm shall be ascertained on the
same date.

1.

That the profit or loss accruing to the firm shall be shared in the ratio agreed upon between
the partners to the original Deed of Partnership.

1.

The FIRST and SECOND PARTNERS have distributed the Asset of the firm in the above manner
with full satisfaction and both partners are fully satisfied and they shall share the said Asset in
the above manner without any disturbance from the other partner.

IN WITNESS WHEREOF the FIRST and SECOND party hereto have signed this deed on the day and
year first written above.
Witnesses:
1.__________

FIRST PARTY

2___________
SECOND PARTY

AGREEMENT OF SALE
AGREEMENT OF SALE

THIS AGREEMENT OF SALE is made and executed on this the __________________DATE

by and

between :Mr. ___________________ S/o _________________ aged ____years resident of H.No:_____________________________________________________.

(HEREINAFTER TO BE CALLED AS Parties of the First Part the said terms shall wherever the contest
so admits mean and include its

executors, assignees etc., of the FIRST PART).

AND

Mr. ______________________S/o ____________________________Age __ yrs R/o :

___________________________________________________________.

(HEAREINAFTER TO BE CALLED AS Party of the Second Part the said terms shall wherever the
contest so admits mean and include their heirs, executors, successors, legal representatives and
assignees etc., of the SECOND PART).
Contd2
:: 2 ::
WHEREAS the Parties of the First Part is the absolute owner and possessor of House bearing No.
H.No:- ________________________________ totally admeasuring ______ sq Yards Situated at
_____________________________________________, out of which the parties of the first part
have agreed to sell a small portion admeasuring ____sq yards on the western side of the house more
fully described in the Schedule hereunder written and for brevitys sake hereinafter referred to as the
SCHEDULE PROPERTY.
AND WHEREAS the PARTIES OF THE FIRST PART of the first part have offered to sell the shedule
property.
WHEREAS in pursuance of the above offer made by the Parties of the First Part, the Party of the
Second Part have agreed and accepted to purchase the schedule property for a total sale consideration
of Rs. _________/- (Rupees ______________________ Only).

WHEREAS the Parties of the First Part and Party of the Second Part in pursuance of the above offer
and acceptance have deemed it fit and proper to bring the terms and conditions of sale into writing,
Hence this AGREEMENT of SALE.
NOW THIS AGREEMENT OF SALE WITNESSETH AS FOLLOWS:

1.

That in consideration of Rs._____________/- (Rupees __________________________ Only).

The Parties of the First Part hereby agree and under take to sell and the Party of the Second
Part hereby agrees and undertakes to purchase the schedule property.

2.

The Party of the Second Part on the day of execution of this agreement of sale i.e. on
___________________________date have paid to the PARTIES OF THE FIRST PARTS full
sale consideration of Rs. _______/- (Rupees ____________________ Only) by way of

demand draft No_________ amounting to Rs ________/-(Rupees ________ Only) Dated

__________________ drawn on _________________________bank,
demand draft No_________ amounting to Rs ________/-(Rupees ________ Only) Dated
__________________ drawn on _________________________bank,
the Party of the First Part hereby Admit and acknowledge the receipt of the same. PARTIES OF THE
FIRST PARTS shall after receiving the full Consideration into their bank account execute and register
the sale deeds in favour of the Party of the Second Part. Duly alienating, conveying and transferring
the schedule property admeasuring _____ Square yards. After paying the full sale consideration, the
party of the second part shall get the schedule property registered at its own cost.

1.

The Party of the Second Part has already seen and satisfied himself of the title deeds and
taken legal opinion on the property.

4.

The Parties of the First Part hereby declare that they are having clear, subsisting marketable title

in and over the schedule of property, which is free from all encumbrances. .

5.

The Parties of the First Part hereby assures the Party of the Second Part that they are the sole,

Absolute and exclusive owners and possessors of the schedule property and further they assure that
except the Parties of the First Part herein, there is no other person or persons having any manner of
title, right, interest and claim in and over the schedule property.
6.

The Parties of the First Part hereby assures the Party of the Second Part that there are no prior

agreements /executed by themselves or along with other Parties of the First Part herein in favour of
any other person or persons whomsoever prior to the execution of this Agreement of Sale in respect of
schedule property.
7.

The Parties of the First Part hereby agrees and undertake to handover Xerox Copies of all the

link documents i.e. title deeds and the revenue record etc., at the time of registration of Sale Deed in
favour of the Party of the Second Part herein.
8.

The Parties of the First Part shall execute register Sale Deed in favour of Party of the Second

Part within one week from this day.

IN WITNESS WHERE OF both the parties i.e., parties of the first and second parts have put their hands
and signed on this Agreement on the day, month and year herein above mention.
WITNESSESS
1.
Parties of the first part

1.

2.
2.

Party of the Second Part

Contd4
::4::
SCHEDULE OF THE PROPERTY Western Portion of the House bearing plot
No.__________________admeasuring ____ Sq. Yards Equivalent to __ Sq Mts in survey Nos. House
bearing No. __________ (Old No.__________), __________________________________________
and Bounded By:NORTH
SOUTH

:
:

EAST

WEST

Dimentions of the portion under agreement of sale