Hello, the amount of tokens will not be considered a confirmation of the sale and, secondly, if the agreement is not concluded, then it is the obligation of the manufacturer to repay the money. 2. In your case as the reason for the cancellation is the seller`s refusal to take money by check, it follows that there is no reluctance on your part to sell the agreement. As a result, you are entitled to a full refund. Serve the message of a lawyer to respect the agreement. 3) If you ever decide on a new agreement, you receive it designed by a local lawyer to protect your interests 3) instead of terminating the agreement, you should write to the seller that you are willing to pay the balance of Rs 66 Lakhs immediately by check and make the sale registered in your favor. Please note that your bank account the funds needed at the time of sending the letter or email 2) You did not mention if the sales contract contains a clause that, in case of non-payment of the balance of the advance within the fixed deadline, will expire The recitals in the sale agreement is very important. What, in the event of the buyer`s failure to pay the balance within the agreed time, in accordance with the objection, denies, the in advance compensation paid or % is considered a cost of damages. The reason for the cancellation is limit on the withdrawal of money after the deconmounted and the seller is not willing to take the amount as a check and only asks for cash. However, since this document has no legal validity, since it has not been registered, it is most often used as proof of payment and not as a legal document that can be presented to the courts in the event of a dispute.
The buyer and seller enter into a registered contract only when the buyer pays at least 10% of the contract value and a construction/buyer contract or sales contract is signed between the two parties. See also: COVID-19: How to accept money from online tokens? If you have extended the deadline, there is no need for a new agreement If there is a termination clause n of the agreement, the owner cannot refuse payment, you should confirm the same thing and issue a legal mention if he reuses the recovery of the amount of the advance. A contract is always with the revocation clause. 4) The seller cannot insist on the cash payment. Let the seller cancel the deal. If he terminates the contract, he should refund you the advance of rs 22 lakhs paid by you A.) The answer to your question is that the amount that should be the considerable amount must be agreed by both the buyer and the seller. You must understand that the agreement is the will between two parties to act on the agreed terms. How can you expect third parties (a lawyer here) that in an extreme state, why token money can be taken into account. Look at any amount can continue for the execution of the sale agreement, but this must be agreed by the parties. You should better talk to the parties who are supposed to execute the agreement for the sale. It would be nice if we could download the agreement from here.
Legal Document Generatoraffidavit Format Serious money is also a part of the sale consideration.