3) You can terminate the contract with the agreement of the seller. Is there a clause indicating what will happen to the advance received if the contract is cancelled, if the contract was not concluded by the proposed buyer when paying the balance? The registration of an act of termination of a contract of sale executed unilaterally by a party is not legal and, therefore, the only remedy available is the speech of a civil court for 1. They had entered into an agreement to carry out an act against an act of the other party, 3. The potential seller is free to sue you for compensation for the termination of the contract, as well as legal instructions to you to comply with the contract, i.e. to buy the property. His request can be contested by you if the cancellation is due to his fault. 8) You can terminate the contract by informing the seller that you do not wish to continue the purchase of real estate and terminate the contract There is no mention of the buyer`s role in the sales contract 5. If you do not have his bank account number, send him a letter with a cross-check of the aforementioned advance for the refund of the advance he paid after the termination of the contractual conditions that he did not respect. Consult a local lawyer and make decisions in accordance with their subsequent advice after seeing the contract document. 2.
Normally, there are clauses mentioned in the agreement for its termination, a legally applicable agreement or document, by consensus of one or more parties, but not by the interest of several other parties, is considered a countervailable contract. A document is considered questionable if and when: There is no question of the acceptance of the sale, k.e., purchase and sale by both under the conditions indicated. The so-called sales contract can be found on the 100 NJS document and has no legal validity. An agreement concluded without consideration is in fact not concluded. What was the clause or terms of the agreement? 1) It seems that you have designed the contract If the contract has been registered, both parties must also be present at its termination. b) if the agreement is sufficiently stamped (in accordance with the Telangana Stamps Act) An agreement or document that is not legally applicable is deemed to be cancelled in accordance with section 2(8) of the Indian Contract Act. A contract is considered invalid if and when: you can terminate the contract by announcing to the buyer that you are no longer interested in selling the property, since he has not yet paid in advance for the counter-performance. 6. Since this is the contract that has been registered, do not worry at all, since the agreement does not concern the ownership of the real estate, which is carried out by a registered deed of transmission. If you terminate the contract and do not wish to claim damages, you do not have to take legal action. There would be a forfeiture clause in the agreement that would give the seller the right to lose the token money in the event of a breach by the buyer. This is in addition to the regular recourse available to the parties through legal action relating to the specific performance of the contract.
It is not necessary to terminate the contract if the contract itself provides for the period of performance of the contract. In such cases, time is the nature of the contract. If you are still interested in a legal document, you can take legal action for a declaration of termination of the contract.