RESCISSION OF A CONTRACT BY A DEED  [CD1] 

RESCISSION OF A CONTRACT BY A DEED

 

 

 

THIS AGREEMENT is made on the ____ day of ____ 

 

BETWEEN 

 

M/s____________________________ with their offices at _______________________________ hereinafter referred to as "First Party" (which expression shall, unless the context otherwise needs, including its heirs and allowed assignees) of the ONE PART; 

 

AND  

 

M/s _____________________ having their offices at___________________________ _____ hereinafter referred to as "Second Party" (which expression shall, unless the context otherwise needs, including its heirs and allowed assignees) of the OTHER PART; 

 

WHEREAS by an agreement made on the _________ day of _________________ between the parties, it was consented that the First Party would be sharing its office premises with facilities with the Second Party on terms/conditions stated therein. 

 

AND WHEREAS the First Party suggested to the Second Party that the above stated agreement be rescinded and the parties be released from the performance their respective parts of the contract under the said covenant and the Second Party accepted the said suggestion and consented to rescind the above stated covenants; 

 

 

 

 

NOW THESE PRESENTS WITNESS AS UNDER: 

 

1.  That per aforesaid agreement the parties hereby consent and declare that the above stated agreement dated the _________ day of ________ be rescinded. 

 

2.  That each party hereby relinquishes from the obligation to perform its part of the contract under the aforesaid agreement. 

 

3.  That this agreement shall bind both the parties. 

 

IN WITNESS WHERE OF, the parties hereto have signed and executed this Agreement on the day, month and year first above written. 

 

SIGNED AND HANDED OVER by the 

 

First Party 

 

SIGNED AND HADED OVER by the 

 

Second Party 

 

WITNESSES: 

 

1. 

 

2. 

 [CD1]RESCISSION OF A CONTRACT BY A DEED