Cancellation of developer Joint Venture agreement
8 months ago
Can I cancel a joint venture agreement entered with the developer. For serious breach of trust I have already cancelled the power of attorney
A.Dear Client,
In the real estate sector, both JDA and POA are required to be registered under the Registration to make it valid and enforceable. If there is a clause specifying the breach of trust or breach of any condition of the Agreement, the land owner can terminate or cancel the Agreement, then after serving a legal notice, the land owner can file a civil suit praying for cancellation of JDA on the ground of breach of contract or condition of agreement by the Developer and on receipt of court's order, the land owner can make out a Deed of cancellation of JDA and get it registered with the RA and post a copy of registered deed of cancellation of JDA to the Developer.
In the real estate sector, both JDA and POA are required to be registered under the Registration to make it valid and enforceable. If there is a clause specifying the breach of trust or breach of any condition of the Agreement, the land owner can terminate or cancel the Agreement, then after serving a legal notice, the land owner can file a civil suit praying for cancellation of JDA on the ground of breach of contract or condition of agreement by the Developer and on receipt of court's order, the land owner can make out a Deed of cancellation of JDA and get it registered with the RA and post a copy of registered deed of cancellation of JDA to the Developer.
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A.Dear client,
In case of an unregistered JDA, that contains a termination clause in the development agreement, you can invoke the said clause and terminate the agreement if the builder has failed to carry out any construction work beyond the agreed period of completion of construction or for breach of any condition of the agreement.
In case of an unregistered JDA, that contains a termination clause in the development agreement, you can invoke the said clause and terminate the agreement if the builder has failed to carry out any construction work beyond the agreed period of completion of construction or for breach of any condition of the agreement.
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