Partition Deed Legal Draft Template

This Deed of

Partition made at (city) this ___ day of __________, year __________, between Shri

______________, son of ____________, resident of

__________________________________ hereinafter called Party of the First Part,

Shri ____________, son of _______________, resident of ____________________ ,

hereinafter called Party of the Second Part, (3) Shri _____________, son of

__________________, resident of ______________________________, 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 have issued a cheque for donation of Rs._____/- in favour of

"__________________" immediately before the execution of these

presents.4.

The

parties hereto agree to give further donation to _________________ as and when

any refund is received from the income-tax department.5.

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 thewithinnamed1)

_____________________________________________2)

_____________________________________________3)

_____________________________________________in the presence of

............WITNESSES:1.2.