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Deed Of Family Settlement Between Rival Claimants - Legal Draft

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Category : Agreements Compromise And Settlements

This

Deed f Family Settlement is made at ....... this .......... day of .........

2000, between A son of Shri.......... resident of .............. of the First

Part and Smt. B daughter of Shri ............. resident of ............... of

the Second Part and Shri C son of ........ resident of ........ of the Third

Part and Smt. D wife of ...... resident of ........... of the Fourth Part.Whereas

E son of ............ resident of .......... died intestate.........on

......... leaving behind movable and immovable assets more particularly

described in the Schedule hereunder written.Whereas

A claims the entire movable and immovable assets left by E claiming to be his

only son and legal heir of the deceased, but the other parties deny that he is

the only legal heir of the deceased.Whereas

Smt. B claims proportionate share and interest in movable and immovable assets

left by E claiming to be the widow of the deceased, but the other parties

hereto deny that she is widow and maintain that she was a concubine of the

deceased.Whereas

C clams proportionate share and interest in movable and immovable properties

left by E claiming to be the son of the deceased and Smt. B, but the other

parties hereto deny that he is the son of E and maintains that he is the son of

concubine Smt. B kept by the deceased and therefore he has no rights and

interests in the assets left by the deceased.Whereas

D claims proportionate share and interest in movable and immovable assets left

by E claiming to be an adopted daughter of the deceased, but the other parties

hereto deny that she was ever adopted and assert that she being an orphan was

given shelter in the house and employed as maid servant by the said deceased.Whereas

the parties have agreed to resolve their respective claims and disputes

amicably without resorting to litigation to save the family from a possible

disastrous litigation.Now

This Deed Witnesseth And It Is Hereby Agreed As Follows:1.

That

A shall retain possession of items No. 7, 8, 9 and 19 of the Schedule, as

absolute and exclusive owner thereof and the other parties will have no claim

on the said properties of the and hereby forego the same, if there was any.2.

That

Smt. B shall be delivered proprietary possession of items No. 4, 5 and 6 of the

Schedule, which shall be deemed to belong to her, as from the date of these

presents she shall be absolute owner thereof. Smt. B hereby renounces her claim

in all other movable and immovable properties left by E. The other parties

renounce all claims to the said items No. 4, 5 and 6.3.

That

C shall be delivered proprietary possession of items No. 1, 2, 3 and 10 of the

Schedule and he shall be deemed to be the absolute owner thereof as from the

date of death of E. The other parties renounce all claims to the said items No.

1,2,3 and 10.4.

That

Smt. D shall be delivered proprietary possession of items No. 12, 13, 14, 16,

17, 18 and 20 of the Schedule and she shall be deemed to be the absolute owner

thereof as from the date of these presents. The other parties renounce all

claims to the said items No. 12, 13, 14, 16, 17, 18 and 20.5.

The

parties include their respective heirs and successors.6.

The

expenses of and incidental to this deed and also of transfer of the shares to

the respective parties shall come out of the estate of the deceased.7.

The

parties hereby declare that they have obtained independent legal advice and

they are executing this deed with their own free will.In

Witness Whereof, the parties hereto have set and subscribed their hands to this

writing, the day and year first hereinabove written.The

Schedule above referred toParticulars

of movable and immovable property left by EWITNESSES;1.Sh.

A2.Smt.

BSh.

CSmt.

D


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