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    Family-Settlement - Sample Draft

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    abc
    1) This deed of family settlement divides properties jointly held by members of the same family. 2) The senior family member, Party of the First Part, is allotted Schedule A properties. The senior member's relation, Party of the Second Part, is allotted Schedule B properties. The senior member's other relation, Party of the Third Part, is allotted Schedule C properties. 3) The parties agree this settlement fully and finally resolves any disputes over the properties without any claims against each other.

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    Family-Settlement - Sample Draft

    Uploaded by

    abc
    488 views4 pages
    1) This deed of family settlement divides properties jointly held by members of the same family. 2) The senior family member, Party of the First Part, is allotted Schedule A properties. The senior member's relation, Party of the Second Part, is allotted Schedule B properties. The senior member's other relation, Party of the Third Part, is allotted Schedule C properties. 3) The parties agree this settlement fully and finally resolves any disputes over the properties without any claims against each other.

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    1) This deed of family settlement divides properties jointly held by members of the same family. 2) The senior family member, Party of the First Part, is allotted Schedule A properties. The senior member's relation, Party of the Second Part, is allotted Schedule B properties. The senior member's other relation, Party of the Third Part, is allotted Schedule C properties. 3) The parties agree this settlement fully and finally resolves any disputes over the properties without any claims against each other.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    488 views4 pages

    Family-Settlement - Sample Draft

    Uploaded by

    abc
    1) This deed of family settlement divides properties jointly held by members of the same family. 2) The senior family member, Party of the First Part, is allotted Schedule A properties. The senior member's relation, Party of the Second Part, is allotted Schedule B properties. The senior member's other relation, Party of the Third Part, is allotted Schedule C properties. 3) The parties agree this settlement fully and finally resolves any disputes over the properties without any claims against each other.

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    © All Rights Reserved
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    The document details a deed of family settlement where various properties are being divided amicably among family members without litigation.

    The properties being divided include land/buildings described as Schedule A, Schedule B and Schedule C across various pages.

    The properties are being allotted such that Schedule A goes to the first party, Schedule B to the second party and Schedule C to the third party.

    DEED OF FAMILY SETTLEMENT

    THIS DEED OF FAMILY SETTLEMENT is made at on


    this the Day of Month of Year
    BETWEEN

    # Name Father Address Proxy Proxy


    Name Name type

    hereinafter referred to as "the party of the first


    part" (which expression shall unless it is
    repugnant to the context mean and include his legal
    representatives, executors, administrators and
    assigns)

    AND

    # Name Father Address Proxy Proxy


    Name Name type

    hereinafter referred to as "the party of the second


    part " (which expression shall unless it is
    repugnant to the context mean and include his legal
    representatives, executors, administrators and
    assigns)
    Hereinafter together referred to as 'THE PARTIES'
    WHEREAS:
    The parties herein are members of the same family
    and they are related to each other. The party of
    the first part is the senior member of the family.
    The party of the second part is his . The
    party of the third part is his .
    Prior to execution of these presents the parties
    have been enjoying the following immovable and
    movable properties jointly:
    # Prope Khewat Khatoni Khasra Area
    rtyTy No. No. No./Property No.
    pe

    Structure Details
    # Covered area in Class of Construction
    sq ft

    (1)(Describe the property)


    (2)(Describe the property)
    (3)(Describe the property)
    The parties are of the opinion that the properties
    can no longer be held in common so the parties
    herein have decided and mutually agreed to divide
    the properties amicably without any litigation or
    dispute. The parties are desirous of executing a
    deed of family settlement of the properties
    mentioned hereinabove among themselves in the
    manner as agreed below
    NOW THEREFORE IN CONSIDERATION OF THE MUTUAL
    OBLIGATIONS AND UNDERTAKINGS CONTAINED HEREIN THIS
    DEED WITNESSETH AS FOLLOWS
    1.The party of the first part herein is allotted
    the schedule 'A' mentioned property.
    2.The party of the second part herein is allotted
    the schedule 'B' mentioned property.
    3.The party of the third part herein is allotted
    the schedule 'C' mentioned property

    AND THE PARTIES HEREBY COVENANT that all disputes


    and differences between the parties with regard to
    the schedule mentioned properties have been fully
    and finally settled and in any event no party has
    any claim against the other on any account
    whatsoever and this deed of family settlement shall
    not be reopened on any ground whatsoever.
    The cost of the preparation, execution and
    registration of these presents shall be borne by
    the said parties equally. The party of the first
    part shall retain the original copy of this deed of
    settlement and the other parties shall retain a
    true copy of the same signed by all the parties.
    Such true copy shall be deemed to be an original
    deed for all intents and purposes. The Settlement
    hereby made is free and mutual and it shall be
    irrevocable and binding on all the parties.
    Transaction Value Rs /- (Rupees Only)

    SCHEDULE A

    SCHEDULE 'B'

    SCHEDULE 'C '


    IN WITNESS WHEREOF the parties hereto affixed their signatures on the day, month and year mentioned
    above.
    First Party
    # Name Proxy Signature

    Second Party
    # Name Proxy Signature

    Witness
    Name Address Signature
    Witness of
    1
    Witness of
    2

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