First, the cancellation clause of the sales contract stipulates that in the event of late payment by the seller, his pre-established advance is cancelled. Second, if the sales agreement exists between two people, the cancellation agreement should not exist between the two people, instead of taking a letter from a single seller. Finally, if, suddenly, before December 31 (date of final payment in accordance with the agreement), the seller collects money and claims the property, this will not be a problem. Please recommend the safest methodology. Since the agreement is valid until December 31, if you arrange the funds, you must sell the property. If he does, you can terminate this agreement and return his advance and save about it. Then you can make a new trade with a second buyer. That is why we need full or partial reimbursement of the funds spent in the original agreement. I have attached all the necessary documents to help them with the cancellation. Thereafter, however, we will continue to make further purchases, provided that you meet the delivery time. I also hope that you will respect the delivery requirements of the latter.
I hope that you will cooperate fully so that we can achieve a smooth and effective legal formality. 2. In your case, the contract provides for the payment of the balance within 3 months, a condition that has been dishonored by the potential buyer. The buyer, seller and agent mentioned in the sales contract to which this document refers must each provide a dated signature. There will be enough space for two buyers, two sellers, and two agents to deliver such items, but if there are more entities in one of these parts, you can add additional signature lines. The buyer is the first company to sign this document. Everyone must sign the “Buyer`s Signature” line and then enter the current date in the adjacent line. In fact and circumstances, I think you should wait until 31.12.2017 and if he does not pay the balance, his Rs.1L advance will expire. Wait two months to avoid unnecessary complications/disputes.
A contract is concluded or terminated if the intention of both parties is bonafide. . . .