Termination And Release Agreement (Real Estate) Template for India

1. Surviving Obligations: Used when certain obligations from the original agreement need to survive termination

2. Tax Implications: Include when there are specific tax consequences that need to be addressed

3. Third Party Rights: Required when third party interests or rights need to be addressed

4. Non-Disparagement: Optional clause preventing parties from making negative statements about each other

5. Dispute Resolution: Include detailed arbitration or mediation procedures if parties want alternative dispute resolution

6. Force Majeure: Include if termination is related to force majeure events

7. Insurance: Include when there are ongoing insurance obligations or claims to be addressed

1. Schedule 1 - Property Details: Detailed description of the property including boundaries, registration details, and encumbrances

2. Schedule 2 - Original Agreement: Copy or details of the original agreement being terminated

3. Schedule 3 - Settlement Calculations: Detailed breakdown of any financial settlements, refunds, or adjustments

4. Schedule 4 - Outstanding Obligations: List of any pending obligations and their resolution

5. Schedule 5 - Handover Checklist: List of items, documents, and materials to be returned or transferred

6. Appendix A - Power of Attorney: If applicable, power of attorney documents authorizing signatories

7. Appendix B - Property Documents: Copies of relevant property documents, certificates, and permits