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Keep it simple, straightforward and to the point. State clearly that you are canceling your contract and include a simple reason why. If you owe any money on the account, request a final bill or enclose the payment.
Issue a lawyer's notice to cancel the agreement due to the default of the builder. You are not bound to pay him a penny if he has dishonoured the agreement. The development agreement does not require a mandatory registration. Get the notice drafted and sent by a lawyer as you are not a trained legal mind.
Project Development Agreements (PDAs) are often used in urban regeneration and other development projects; they allow the government landowner to keep control of the precinct development and allow the developer to defer payment and land acquisition.
A development agreement is not required to be registered. This includes all construction contracts given to a developer. However it attracts a stamp duty of 4% of the market value of the property, subject to a maximum of Rs. 4 lakhs.
Issue a lawyer's notice to cancel the agreement due to the default of the builder. You are not bound to pay him a penny if he has dishonoured the agreement. The development agreement does not require a mandatory registration. Get the notice drafted and sent by a lawyer as you are not a trained legal mind.
1 - Termination of contract in case of fundamental non-performance. (a) If a party's failure to perform its obligation amounts to a fundamental non-performance, the other party may terminate the contract. (b) The right of a party to terminate the contract is exercised by notice to the other party.
Grant. Financial assistance for a specific purpose or specific project without expectation of any tangible deliverables other than a final report. Cooperative Agreement. Contract. Memorandum of Understanding. Non-Disclosure Agreement. Teaming Agreement. Material Transfer Agreement. IDIQ/Master Agreement.
This means that any agreement to sell or sale deed which is not registered does not have validity and cannot be considered as valid evidence in the court of law affecting any such property. It also does not confer any power over the property or any right.
Most contracts include a termination clause, but if there isn't one and you need to terminate a contract, referring to any of the aforementioned legal doctrines can help you end the agreement early. Some contracts also terminate automatically after a certain period or if certain events or actions are completed.