Partition Deed Legal Draft Template

THIS

DEED OF PARTITION made at (city) this ___ day of __________, 200-,BETWEEN Mr.

_____________,s/o____________, R/o ____________________________ Hereinafter

called First Party of the First Part, Shri ____________,s/o_______________, R/o

____________________, hereinafter called Party of the Second Part, (3) Mr.

__________s/o________________,r/o_______________________, hereinafter called

Party of the Third PartWHEREAS

Shri ___________ is the Karta and Manager of the joint and undivided Hindu

family, carrying on the activities under the name and style of

"________________________" (hereinafter referred to as "the said

___", consisting of the said ___________, his wife, the said __________,

and the said ____).AND

WHEREAS the said _______ owned and possessed immediately before the partition

one telephones Nos. ________and _______, __ shares in ________ Ltd. Bank

balance of Rs._______ with ________, __________, _____________ Bank The HUF had

also incurred certain liabilities.AND

WHEREAS the parties hereto have agreed on the ___ day of _____ to have a total

partition all the assets held by the said HUF on such partition:-___

Shares of _____________ Ltd. Rs. _______/-___

Shares of _____________ Ltd. Rs. _______/-Total

Rs.________/-The

above-named shares will be transferred to ________ on receipt of Rs.________/-AND

WHEREAS the net capital of the said HUF immediately before the full partition

is Rs.________ consisting of Rs._______ as bank balance and Rs.____/-AND

WHEREAS the parties hereto are desirous of affecting the full partition of the

said HUF by donating the entire amount to a charitable trust.NOW

THIS INDENTURE WITNESSETH AND IT IS HEREBY AGREED AND DECLARED BY and between

the parties hereto as under:1. The parties hereto

hereby declare that the said HUF has been fully partitioned on the ___ day of

______________.2. The parties hereto

agree to donate the entire capital of Rs.______- held by the said ___ to

_______ ____________ (a public charitable trust).3. The parties hereto

agree to give further donation to _________________ as and when any refund is

received from the income-tax department.4. The said ____ has

been allotted telephone number _______.IN

WITNESS WHEREOF the parties hereto have set and subscribed their respective

hands on the day and year first hereinabove written.SIGNED

SEALED AND DELIVERED by the within named1. _____________________________________________2. _____________________________________________3. _____________________________________________in

the presence of............WITNESSES:1.2.