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Deed Of Cancellation Of Agreement For Sale
"I need a Deed of Cancellation of Agreement for Sale for a Hong Kong residential property purchase, where both parties have mutually agreed to cancel due to failed financing, and we need to arrange the return of the 10% deposit paid on January 15, 2025."
1. Parties: Identification of all parties to the deed, including the original vendor and purchaser
2. Background: Recitals detailing the original Agreement for Sale, its date, and the parties' mutual desire to cancel
3. Definitions: Definitions of key terms used in the deed, including 'Agreement', 'Property', and 'Completion Date'
4. Cancellation: The operative clause cancelling the Agreement for Sale and releasing parties from their obligations
5. Return of Documents: Provisions for the return of all original documents related to the Agreement
6. Mutual Release: Mutual release and discharge of all claims relating to the Agreement
7. Costs: Provisions dealing with the costs of preparing and executing the deed of cancellation
8. Governing Law: Confirmation that the deed is governed by Hong Kong law
9. Execution: Formal execution blocks complying with Hong Kong deed requirements
1. Return of Deposit: Required if any deposit or part payment was made under the original Agreement
2. Termination of Related Agreements: Needed if there are associated agreements that need to be terminated
3. Confidentiality: Optional provisions regarding confidentiality of the cancellation and its terms
4. Third Party Rights: Required if there are third parties whose rights are affected by the cancellation
5. Stamp Duty Arrangements: Required if stamp duty was paid and refund arrangements need to be documented
6. Surviving Provisions: Needed if any provisions of the original Agreement should survive the cancellation
1. Schedule 1 - Original Agreement: Copy or details of the Agreement for Sale being cancelled
2. Schedule 2 - Property Details: Full description of the property that was the subject of the original Agreement
3. Schedule 3 - Payment Details: Details of any payments made and to be returned, including deposit amounts
4. Appendix A - Related Documents: List of all related documents to be returned or cancelled
Authors
Cancellation
Mutual Release
Return of Deposit
Costs and Expenses
Representations and Warranties
Confidentiality
Return of Documents
Third Party Rights
Further Assurance
Severability
Entire Agreement
Governing Law
Surviving Provisions
No Waiver
Counterparts
Registration
Stamp Duty
Notices
Legal Capacity
Real Estate
Property Development
Commercial Property
Residential Property
Industrial Property
Legal Services
Banking and Finance
Property Investment
Construction
Legal
Real Estate
Compliance
Property Management
Corporate Secretarial
Investment
Finance
Risk Management
Operations
Property Lawyer
Real Estate Agent
Property Manager
Legal Counsel
Conveyancing Manager
Company Director
Company Secretary
Property Developer
Investment Manager
Real Estate Investment Director
Compliance Officer
Property Transaction Manager
Bank Manager
Mortgage Officer
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