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Deed Of Settlement Under Which A Son Agrees To Pay Dower Debt To His Father's Widow - Legal Draft

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Category : Agreements Compromise And Settlements

This

Deed of Family Settlement is made at ............ on ............ between a son

of B resident of ............. hereinafter called Shri A, of the One Part and

Smt. C widow of B resident of ............. hereinafter called as Smt. C of the

Other Part.Whereas

B was seized and possessed of the house, fully described in the Schedule

hereunder written, hereinafter referred to the said house and the said B died

intestate on ......... at ...................And

Whereas the said Smt. C was in the possession of the said house at the time of

the death of B and continues to be in possession of the said house and she has

demanded the payment of dower debt of Rs. ............. payable to her from the

said Shri A, who is entitled to succeed the said house as only legal heir of

the said B.And

Whereas the said Shri A is desirous to sell the said house, as he is working in

.......... and there is nobody to look after the said house, but the said Smt.

C claims to continue in possession of the said house, till her dower debt is

paid and due to which differences and disputes have arisen between the parties.And

Where as the parties are desirous to settle the disputes and differences

amicably on the terms and conditions hereinafter stated.And

Where as the said Smt. C has obtained the independent legal advice from her

legal advisers and her brothers, etc. and after considering and understanding

the same has given her consent to the settlement.Now

This Deed Witnesseth As Follows:1.

In pursuance of the said agreement and in consideration of the premises, the

said Smt. C will give vacant possession of the said house to said Shri A upon

payment of the sum as hereinafter mentioned.2.

The said Shri A shall pay Rs. .......... to Smt. C as dower debt on or before

.......... and the said Smt. C will renounce all her claims to the said house

and Shri A will retain possession of the said house as absolute and exclusive owner

thereof.In

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

writing the day and year first hereinabove written.The

Schedule above referred toSigned

and delivered by the within named Shri ASigned

and delivered by the withinamed Smt. CWITNESSES;1.2.


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