Agreement
made at------this day of -- between Mr. A----- hereinafter referred to as the
seller of the one part and Mr. B ______ hereinafter referred to as the buyer of
the other part as follows:1. In consideration of a
token sum of Rs. ---- paid by the buyer to the seller this day (the receipt
whereof the seller having acknowledged0 the seller agrees that during the
period of ----days/months from the day her of (called lockout prod) the seller
will not conduct negotiation with any third party for the sale of the property
of the seller being the piece of land admeasuring about sq------ meters having
S.No. --- Plot No------ and situated at ---- and will not send to a any third
party a draft contract of sale or title deeds relating to the property.2. The seller agrees
forthwith to instruct his advocate/solicitor to send the contract and other
relevant papers to the Advocate/solicitor acting for the buyer to deal promptly
with any amendments to the contract and any inquiries raised on or on behalf of
the buyer.3. The buyers agrees
forthwith to take all necessary steps to proceed with the Proposed purchase of
the said property including approval of the contract and; The title to the said
property, raising inquiries arranging a mortgage (if required) and a surveyor.4. This agreement will
lapse if the buyer informs the seller that the buyer no Longer wishes to
proceed with the purchase of the said property or upon the expiry of the said
lock out period whichever event happens earlier.5. This agreement is
independent of contract for sale and does not bind the Parties to sell or buy
the property.Signed
by the Seller)Signed
by the Buyer)