Gift To A Purpose With A Condition For Revocation Legal Draft Template

GIFT TO A PURPOSE WITH A CONDITION FOR REVOCATION

THIS DEED of gift is made at .......... on this day of ............

1. ..., between

............... s/o............... r/o ..............................

(hereinafter called "the donor") of the ONE PART and

......................... a society registered under the Societies

Registration Act, 1860 and having its registered office at

....................................... "(hereinafter called the donee")

of the OTHER PART.

WHEREAS the donee is running several schools for girls in the city of

.................. and is in need of a suitable building in the

................... for the girls school.

AND WHEREAS on the appeal made by the Secretary of the

donee society, the donor has agreed to donate his building more

particularly described in the Schedule hereunder written (hereinafter

called "the said property") to the said society to be used for the girls

school.

NOW THIS DEED WITNESSETH AS FOLLOWS:

1. In pursuance of the said agreement, the donor hereby transfers,

conveys, assigns and assures unto and to the use of the donee, and

its successors and assigns all that the building more

particularly described in the Schedule hereunder written to be

used soieiy and exclusively for the

purpose of the girls school to have and to hold the same so long as

the same shall be used and occupied as a building of the school.

And that the donee accepts the gift of the said property

hereunder made solely and exclusively for the purpose hereinbefore

indicated, but subject to the condition that in the event of the

donee not using the said property for the purpose hereinbefore or

ceasing to so use the same for a continuous period of one year,

the said property shall revert to in the donor or his heirs,

executors, administrators and representatives and shall form part of

his estate as if this deed was never executed.

1. The estimated value of the said property is Rs. .......……………..

IN WITNESS WHEREOF, the donor has executed this deed of gift and

delivered to the Secretary of the Society, who has been

authorised by the managing committee of the society to sign this deed

of gift and has signed this deed in token of acceptance thereof.

Signed and delivered by the within named donor

Signed and delivered by ................ the

within named

donee by the hands of

Shri........................ Secretary, who has been

authorised by its managing committee vide

Resolution passed in the general meeting held on

........….

WITNESSES;