DEED OF AGREEMENT
Between
(Person/Company/Organization Name), represented by its (Person/Agent Name)and (Assistant Person/Agent name, if
applicable), of (Address), and having its registered offices at (if
register address valid); hereinafter called the “PURCHASER” (which expression
shall unless excluded by ‘or repugnant to the context be deemed to include, its
successors, legal representatives, nominees and assigns) of the FIRST PARTY:
AND
M/S. …………….., represented by its Proprietor, (Person/Agent Name) …………………., a Company duly obtained
the Trade License from the (Full Address…………………………)., Dhaka, Bangladesh under
the laws of Bangladesh and having its offices at …………………….Dhaka, Bangladesh, as
the SECOND PARTY.
OTHER PART
WHEREAS the FIRST PARTY is
a limited company incorporated under the companies Act engaged in the business
with good countrywide reputation intends to purchase land at …….., Norsingdhi
district to establish industrial projects and other business therein.
AND WHEREAS the SECOND PARTY
expressed its desire to act as local agent of the FIRST PARTY to help in purchasing the land at the proposed project
site at …………., Narshingdiin reviewing this purchase agreement.
NOW THEREFORE, IT IS HEREBY AGREED BY AND BETWEEN
THE PARTIES AS
FOLLOWS:
With reference to the discussion
by both the parties, FIRST PARTY AGREED
to purchase ± 20 Acres of land at ……..project t site through the SECOND PARTY as per the rate and
specifications stated below.
Quantity of Land to be purchased ± 20 Acres (± 60 Bighas) of Riverside
land by the FIRST PARTY as per the approved site map enclosed herewith that has
been confirmed by the SECOND PARTY. It is to be mentioned that 1 (one) Bigha
equal to 30 (Thirty) decimal are calculated at that area.
Rate has been confirmed @ Taka ……. Lac (Taka Twenty-Two Lac only) for
each bigha (30 decimal) of land where Taka .... Lac (Taka ….. Lac) for each
bigha of purchased land would be kept as security deposit with First Party
which will be returned to SECOND PARTY after Mutation and all other purchase
procedures are being completed. The FIRST PARTY will provide all the expenses
as per the government rules for the registration purpose only i.e. registration
charges, tax etc. but SECOND PARTY will not be allowed to claim for any fees,
charges or commissions other than the land price that has been agreed (@ Taka …..
Lac per bigha, where Taka …..Lac will be paid during registration of land and
Taka …..Lac will be retained by First Party as security deposit till the total
purchase of the land for the project is completed).
Land purchase and payment procedure will be step by step and will be
started from the date of signing this DEED of Agreement and to be completed within
next six months from the date of signing this agreement, and until any adverse
situation arises and that has been agreed by the FIRST PARTY. The FIRST PARTY will
make the payment of Taka …….. Lac (Taka …… Lac only) to the SECOND PARTY for
each bigha of purchased land as soon as the registration of land is completed
and the purchased land is being handed over (physical possession of the land)
to FIRST PARTY by the SECOND PARTY in presence of land owner and as properly
demarcated by the authorized surveyor. The remaining amount of Taka …… Lac
(Taka ….. Lac only) for each bigha of purchased land will be retained by FIRST
PARTY as security deposit till the total purchase of the land for the project
is completed.
In any case,
if the mutation of a purchased land (with registered deed) could not be
completed for any reason, the SECOND PARTY will be liable to return the
purchased amount (Taka ……. Lac per bigha) to the FIRST PARTY immediately.
The SECOND
PARTY will all the times cooperate with the FIRST PARTY in reviewing the land documents,
parcha, khatians(with chronological records of CS/SA/RS/BS as applicable) also
getting possession of the proposed/purchased land and will provide all original
documents prior to the registration process.
The SECOND
PARTY by their own initiative will check and confirm whether any litigation is pending
regarding the land and if there is any litigation pending, the SECOND PARTY will
solve the problem by amicable settlements between the parties involved in the
litigation and handover the proof of such settlement to FIRST PARTY.
After
completion of the registration and handover the possession, if subsequently any
problem arises by the previous landowner regarding possession of the land, the SECOND
PARTY should be responsible and will actively cooperate with the FIRST PARTY to
solve the problem.
Land area to
be demarcated before the registration process and right to be handed over
immediately after the completion of the registration without any fail.
Payment will
be made by Bank draft/Pay order in the name of company of the SECOND PARTY as
per the quantity/area of land to be registered.
Any sort of
local disturbances, obstructions, which appear to obtain the possession of the
purchased land to be handled by the SECOND PARTY with their own effort and
expenses without fail.
Any
discrepancies that appear during the registration and possession process should
be resolved amicably within 30 days otherwise the FIRST PARTY reserves the
right to cancel this agreement without any notice or payment of any
compensation or will not be responsible for any liabilities in any way.
This
agreement does not restrict the FIRST PARTY to purchase any land at the project
site at its own arrangement or through other agency/agencies with whom it has
such valid agreement. The Second party will be in concern of the land that will
be arranged /prepared by it with all the valid required documents for the First
Party to be satisfied to purchase the land at the arrangement of the SECOND
PARTY.
This DEED of
Agreement will be effective after the signing by the authorized representatives
of both the FIRST PARTY and SECOND PARTY in presence of the witness subject to
the submission of the required papers and documents to FIRST PARTY by the SECOND
PARTY.
Signed this day
……………… August 20…. at Dhaka, Bangladesh.
.............................
THE FIRST PARTY
............................
THE SECOND PARTY
...............
Witness
এই আর্টিকেলটি যদি আপনাদের সামন্য উপকারে আসে তাহলে মন্তব্যের মাধ্যমে অবশ্যই আমাদের জানাবেন।
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