Gift To A Purpose With A Condition For Revocation Legal Draft Template
| Category | Agreements Gift |
| Format | |
| File name | Gift to a Purpose with a Condition for Revocation |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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This Deed of gift is
made at ......... on this day of ............ 2000, between A son of B resident
of ............... (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 solely 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.1.2.
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 donorSigned 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;1.2.