09 Abr Dgpa Agreement
3. If the owners do not complete this work within the time frame set out in the above provision, the owners pay on the owner`s choice, but without prejudice to the other legal rights of the owner and other provisions of the owner, damages liquidated to the tune of Rs………. per day (but subject to a ceiling of 2% of the total amount of the contract payable by the owner under this agreement) for the period between the specified period for completion of the work. The owners expressly agree and authorize the owner to deduct, if necessary, from such liquidated damages from a staggered payment due and to pay to the owners within the meaning of this agreement. Please note that there is no HARM for the performance of the endorsement if it is also registered. Otherwise, the endorsement is just another piece of paper with NO VALUE. Thus, in one case, 23 dwellings were allocated to the landowner under the JDA with specific housing numbers. An endorsement was then signed. The number of dwellings has increased from 23 to 39 and the number of dwellings has been changed. One of my clients bought an apartment like this.
After 18 months, there was a dispute between the owner and the landowner. Now my client is in a soup to go to. It is quite normal for the owner of the property to transfer the rights/titles of the property to his family member as part of the family subdivision. These transfers are executed by GPA. In other scenarios, the owner asks the buyer to transfer the money to a family member. The reason for these scenarios is «legacy.» The country is hereditary and, in most cases, I have found that the joint development agreement is signed by 15 to 20 people, including children under the age of 10. In such cases, either one of the landowners holds the GPA of all parties involved, or there is a family agreement between the landowners to allow a person to cede the property through the GPA. In many cases, I have observed that the landowners owned Benami.
Therefore, the buyer should be especially careful. 11. Any dispute or dispute over specifications, constructions, drawings and the quality of the treatment or equipment used in the work, or any other issue arising from the contract, design, design, specifications, specifications, specifications or other means related to the agreement or execution of the work, are referred to the arbitration procedure of two arbitrators appointed by each party. Referees appoint an arbitrator before entering the reference.