ALTERING A PRIOR DEED BY IMPOSING ADDITIONAL TERMS IN A CONTRACT  [CD1] 

 

 

(ONE PARTY BEING DISAGREEING FROM THE ORIGINAL)

 

THIS AGREEMENT is made on the __________________ day of 20…………………. by and

                       Between

 M/s……………………………………………………………………………………………………………………………………

 with their office at _______ ___________________________________________

(hereinafter    called       "the      Grantor")       of        the       one       part 

 

AND 

 

M/s……………………………………………………………………………………………………………………………………………………………  having its office at …………………………………………………………………………………………………………………………………..

 (hereinafter called "the Buyer') of the other part; 

 

WHEREAS

 

 this deed is additional to the deed of lease (hereinafter called "the principal deed") made on the ___ day of ___________ between M/s ABC, with their office at _______________________________ and the purchaser of the other part relating to the plot of land and the factory located therein; 

 

AND

 WHEREAS 

M/s ………………………………………………………………………………………………………………………………………………………….

  has with the    consent      of      the    purchaser   sold   the    property     to     the Grantor. 

 

AND

 WHEREAS

 per clause 4 of the principal deed the purchaser bearing a right in holding the property on lease if name of the lessor is changed. Similarly, Grantor is obliged in allow the Buyer per holding the plot on lease for 15 years from the date of this Agreement. 

 

AND 

WHEREAS

 

 as per clause 15 of the principal deed if ownership of plot altered, Buyer and the fresh owner shall be executing an additional deed by getting it registered. 

 

SUBJECT TO THE ABOVE NOW THESE PRESENTS WITNESSES  and the parties hereby mutually consent as below. 

 

1.                   That the principal deed shall be so read and under stood for giving effect to clause 15 of principal deed. Name of Lessor in the principal deed be substituted with name of the Grantor. 

 

2.                   That except as altered as laid herein before the principal deed with all terms/conditions thence continue as binding and fully enforceable/effective. 

 

IN WITNESS WHERE OF,  the parties hereto have signed the agreement on the date first herein before mentioned. 

 

Grantor 

 

Buyer 

 

Witnesses: 

 

1. 

 

2. 

 [CD1]ALTERING A PRIOR DEED BY IMPOSING ADDITIONAL TERMS IN A CONTRACT