DEED OF CANCELLATION

1.

Date: _________

2.

Place: ________

3.

Parties:

3.1

________________, son/daughter/wife of ___________, by Nationality

Indian, by faith ________, by Occupation - _________, residing at _______
___________________ (including Police Station).
(Vendor, includes successors-in-interest and/or assigns)
AND

3.2

________________, son/daughter/wife of ___________, by Nationality

Indian, by faith ________, by Occupation - _________, residing at _______
___________________ (including Police Station).
(Purchaser, includes successors-in-interest and/or assigns)
[Vendor, Purchaser collectively Parties and individually Party.]

NOW THIS DEED OF CANCELLATION WITNESSES AS FOLLOWS:

4.

Background:

4.1

Agreement for Sale: On or about ________ one Agreement for Sale

(AGREEMENT FOR SALE) was entered into by and between the
Parties hereto in respect of the property (Said Property) described in
the Schedule below on the terms and conditions mentioned therein.

4.2

Mutual Understanding: Because of some legal and valid reasons the

Purchaser has now decided not to purchase the Said Property and to

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cancel/repudiate the AGREEMENT FOR SALE and the Vendor has

agreed thereto on certain terms and conditions as stated hereinafter .
4.3

Deed of Cancellation: The Parties upon negotiation have amicably

arrived

at

the

terms

and

conditions

for

such

cancellation

of

AGREEMENT FOR SALE and conclusive and comprehensive terms

and

conditions

superseding

all

previous

documents

and

understandings, if any, are now being recorded by this Deed .

NOW IT IS HEREBY AGREED AND DECLARED BY AND BETWEEN THE
PARTIES HERETO AS FOLLOWS:
1.

Cancellation of AGREEM ENT FOR SALE : The AGREEMENT FOR

SALE is hereby cancelled simultaneously with the execution
hereof upon mutual settlement by and between the Part ies.

2.

Refund of t he Advance Money : In ter ms of the AGREEMENT

FOR SALE, the Purchaser has till date paid to the Vendor a sum
of Rs.______/- (Rupees __________) only towards the advance
money and/ or part payment of the Price /Consider ation money of
the Said Pr operty and from said advance money a sum of Rs.
_______/ - (Rupees________________) only is being refunded to
the Purchaser by the

Vendor at the execution hereof

after

deduct ing a sum of Rs.______/ - ( Rupees___________) only as a

compensation to the Vendor . The Purchaser do th hereby as well
as

by

the

receipt

and

memo

hereunder

written,

admit

and

acknow ledge thereof.

3.

Represent ation & Warranty:

3.1

By Vendor: Upon execut ion hereof the Vendor shall have no

liability and/or responsibility towards the Purchaser, as well as no
other or further claim and/or demand from the Purchaser in terms
of the AGREEMENT FOR SALE .

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3.2

By Purchaser: Upon execut ion hereof t he Purchaser shall have

no other or further claim and/or demand from the Vendor and/or
right, t itle and interest whatsoever on the Said property in t erms
of the AG REEMENT FOR SALE and the Vendor shall be at liberty
to deal with the Said Property as per his/her discret ion and will.
The Purchaser has not created any charge and/or claim and/or
assignment of right arising out of the AGREEMENT FOR SALE on
the Said property and undertakes to indemnify the Vendor from
any

loss

and/ or

damage

ar ising

out

of

such

charge/claim/assignment on the Said Pr operty by the Pur chaser, if

any.
4.

Interpretation:

4.1

Number: Words denoting the singular number i nclude, wher e the

context perm its and requires, the plural number and vice -versa.

4.2

Headings:
convenience

The

headings

only

and

in

shall

this
be

Deed

ignored

are
in

inserted

for

construing

the

provisions of this Deed.

4.3

Definitions: Words and phrases have been def ined in th is Deed

by bold pr int and by putting them within brackets. Where a word
or phrase is defined, other parts of speech or grammatical forms
of that word or phrase shall have corresponding meaning.

Schedule above referred to

(Said Property)

The description of the property under the AGREEMENT FOR SALE..

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(Page 3 of 5)

5.

Execution and Delivery:

5.1

In Witness Whereof the Parties have executed and delivered this Deed on the
date mentioned above.

____________________

____________________

[ VEN D OR]

[ PU R C H ASE R ]

Witnesses:

Signature: _________________________

Signature: _________________________

Name:

Name:

Fathers/Husbands Name:

Fathers/Husbands Name:

Address:

Address:

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(Page 4 of 5)

MEMO OF CONSIDERATION
RECEIVED of and from the within named Vendor the within mentioned sum of
Rs._______________/- (Rupees _______________) only towards the refund
in terms hereof as per the memo below:

Rupees _____________________only

_________________________
[PURCHASER]
W I T N E S S E S:

Signature: __________________________

Signature: __________________________

Name:

Name:

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(Page 5 of 5)